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May 5, 2021  
 
 
  Business Loan Information  
 

Business Loan Kingsburg, California

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Kingsburg, California who are interested in getting debt financing.

Local Kingsburg Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Kingsburg.

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Kingsburg Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of The Sierra
Porterville, CA
1
Capital One
Mclean, VA
1
Central Valley Community Bank
Clovis, CA
1
Citibank
San Francisco, CA
2
Comerica Bank
Sacramento, CA
1
Pacific Western Bank
Escondido, CA
1
United Security Bank
Fresno, CA
2
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Kingsburg

Before 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the loan 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 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, you will likely be asked to pledge 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. Prior to visiting local banks, you may want to read up on 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 new to our Gaebler.com site, you should know that we are all about supporting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

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