If you are planning on applying for a small business loan and your business is based in Ione, California, we've assembled a list of local small business banks that you should contact.
Local Ione Lending Resources
Without further adieu, here's our list of small business banks in Ione.
|Small Business Bank
||Recent SBA Loans
|Bank of Amador
|Bank of America NT & SA
|Big Valley Mortgage
Other Lending Resources for Ione Businesses
This is a list of banks outside of Ione, California that have provided SBA loans to Ione businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Ione Businesses
Prior to meeting with lenders 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, define how the money will be used, and show your ability to pay the money back to the lender.
Having a business plan is is critically important. If the financing is to for a going concern, 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 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 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. To get the ball rolling, we recommend you read
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