Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Jamul, California Business Loan

 
Loan Census SBA Loan Info

Looking for a Jamul, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for small business owners in Jamul, California who are interested in getting debt financing.

SBA Lenders for Jamul Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
California Bank & Trust
Sacramento, CA
1
Pacific Western Bank
Escondido, CA
1
U.S. Bank National Association
Cincinnati, OH
2
Vineyard Bank
Corona, CA
1
Washington Mutual Bank
Henderson, NV
3

Jamul Business Loan Advice

Prior to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 bank.

Being able to present a well-written business plan is is critically important. If the money 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 guarantee 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 to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 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

Our Gaebler.com site is deeply committed to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Find Start-Up Capital.

Business Loan Sources for Other Cities in California
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