We wrote this article for small business owners in Hidden Hills, California who are interested in getting a bank loan.
Lenders for Hidden Hills Businesses
This is a list of banks outside of Hidden Hills, California that have provided SBA loans to Hidden Hills businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Hidden Hills
Before contacting banks for a 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, describe what the money will finance, and show your ability to pay the money back to the bank.
Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, 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 to guarantee the loan 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 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
If you are planning on Raising
Money, you need to educate yourself. If you haven't read it
already, we recommend you review
Getting a Small Business Loan.
More Business Lender Lists for California Cities
Get a Business Loan in Hesperia
Get a Business Loan in Highland
Browse All Business Loan Sources for California