This article is written specifically for small business owners in Gustine, California who are interested in getting a bank loan.
Local Gustine Banks
To help you learn more about local small business lenders, here's our list of small business banks in Gustine.
|Small Business Bank
|Recent SBA Loans
|Bank Of America
Banks that Lend to Gustine Businesses
This is a list of banks outside of Gustine, California that have provided SBA loans to Gustine businesses. Some of these may be national banks with local branch locations.
Gustine Business Loan Advice
Before reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.
Being able to present a well-written business plan is essential. If the financing is to for a going concern, 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, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 you sit down to talk with a small business 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.
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