Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Hughson, California Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Hughson, California seems challenging at first, but we're here to help you get started.

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

Local Hughson Banks

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

Small Business Bank Recent SBA Loans
Bank of the West  

Lenders for Hughson Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Comerica Bank
Dallas, TX
1

Hughson Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to have a specific plan.

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 bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for an existing 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 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, you may want to get up to speed 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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