Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Business Loan Grenada, California

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Grenada, California who are interested in getting a bank loan.

Other Lending Resources for Grenada Businesses

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

Small Business Bank Recent SBA Loans
Temecula Valley Bank
Temecula, CA
1

Tips for Getting a Business Loan in Grenada

Before contacting lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 these banks are SBA lenders. 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

Gaebler.com is a site that is deeply committed to aiding entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

More Business Loan Info for California
Get a Business Loan in Greenfield
Get a Business Loan in Gridley

Browse All Business Loan Sources for California