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

Huntington Park, California Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Huntington Park, California! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business owners in Huntington Park, California who are interested in getting a bank loan.

Local Huntington Park Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Huntington Park.

Small Business Bank Recent SBA Loans
Banco Agricola Comercial de El Salvador  
Banco Agricola Comercial Del Salvador  
Bank Of America  

Business Loan Providers for Huntington Park Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
2
Americas United Bank
Glendale, CA
1
Banco Popular North America
New York City, NY
12
Bank Of America
Charlotte, NC
29
Borrego Springs Bank
Borrego Springs, CA
3
Bridge Bank
San Jose, CA
1
California Bank & Trust
Sacramento, CA
4
Capital One
Mclean, VA
1
Center Bank
Los Angeles, CA
4
Citibank
Las Vegas, NV
3
Citibank
San Francisco, CA
1
City National Bank
Burlingame, CA
1
Comerica Bank
Dallas, TX
2
Commonwealth Business Bank
Los Angeles, CA
2
Community Bank
Pasadena, CA
1
Far East National Bank
Los Angeles, CA
2
Hanmi Bank
Los Angeles, CA
9
Innovative Bank
Oakland, CA
21
Lehman Brothers Bank, FSB
Wilmington, DE
3
Manufacturers Bank
Los Angeles, CA
1
Mirae Bank
Los Angeles, CA
1
Mission Oaks National Bank
Temecula, CA
1
Nara Bank
Los Angeles, CA
5
National Bank Of California
Los Angeles, CA
1
Pacific City Bank
Los Angeles, CA
2
Pacific Premier Bank
Costa Mesa, CA
2
Pacific Western Bank
Escondido, CA
1
Pacific Western Bank
Rosemead, CA
2
Saehan Bank
Los Angeles, CA
3
Temecula Valley Bank
Temecula, CA
2
U.S. Bank National Association
Cincinnati, OH
7
Union Bank Of California
San Francisco, CA
1
United Commercial Bank
Rosemead, CA
3
United Pacific Bank
City Of Industry, 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
8
Wilshire State Bank
Los Angeles, CA
8

Huntington Park Business Loan Advice

Prior to contacting 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 explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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