Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Goleta, California

 
Loan Census SBA Loan Info

Raising money in Goleta, California? If so, you'll want to talk to some of these small business lenders in Goleta.

If you are looking for a small business loan and your business is based in Goleta, California, we've assembled a list of local small business banks that you should contact.

Local Goleta Banks

Without further adieu, here's our list of small business banks in Goleta.

Small Business Bank Recent SBA Loans
Bank Of America  
Community W. Bank 1,016

Business Loan Providers for Goleta Businesses

This is a list of banks outside of Goleta, California that have provided SBA loans to Goleta businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
American Security Bank
Santa Ana, CA
1
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
3
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
1
Hanmi Bank
Los Angeles, CA
2
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
1
Montecito Bank & Trust
Santa Barbara, CA
6
Pacific Cap. Bank
Santa Barbara, CA
3
Rabobank, National Association
Arroyo Grande, CA
4
Saehan Bank
Los Angeles, CA
2
South Valley National Bank A Divis
Gilroy, CA
2
Superior Financial Group, LLC
Walnut Creek, CA
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
2
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
5

Business Loan Advice for Goleta Businesses

As a prerequisite to reaching out to banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the bank.

A well-defined business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is all about assisting small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Business Line of Credit.

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