Loan Census Banking News and Information
February 20, 2024  
  Business Loan Information  

Kerman, California Business Loan

Loan Census SBA Loan Info

Small business loans in Kerman, California are available. You just need to talk to the right bank.

These materials were prepared for entrepreneurs in Kerman, California who are interested in getting a bank loan.

Local Kerman Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Central Valley Community Bank  

Other Lending Resources for Kerman Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Bank Of The Sierra
Porterville, CA
Capital One
Mclean, VA
Central Valley Community Bank
Clovis, CA
Central Valley Community Bank
Oakhurst, CA
Cit Small Business Lending Corp
Livingston, NJ
Comerica Bank
Dallas, TX
Heritage Bank Of Commerce
San Jose, CA
Premier Valley Bank
Fresno, CA

Kerman Business Loan Advice

Prior to reaching out to lenders to get a bank loan, you will need to have a specific plan.

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.

A well-defined business plan is essential. If the money 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 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 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. Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. To get started, we suggest you read Business Incubators.

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