Loan Census Banking News and Information
December 4, 2023  
  Business Loan Information  

Small Business Lenders in Joshua Tree, California

Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Joshua Tree, California, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for Joshua Tree Businesses

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

Small Business Bank Recent SBA Loans
Beach Business Bank
Manhattan Beach, CA
Business Loan Center, LLC
Wichita, KS
Capital One
Mclean, VA
Community W. Bank
Goleta, CA
Uniti Bank
Buena Park, CA
Wells Fargo Bank
Carlsbad, CA

Business Loan Advice for Joshua Tree Businesses

Before reaching out to 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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with 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. 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. Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read SBIR Funding.

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