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

Lamont, California Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Lamont, California, we've put together a list of local small business banks that you should contact.

SBA Lenders for Lamont Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
Panama City Beach, FL
2
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
1
Valley Business Bank
Visalia, CA
1
Washington Mutual Bank
Henderson, NV
1

Lamont Bank Loan Tips

Prior to reaching out to banks to get a bank 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 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 going concern, 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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. For starters, we recommend you read 504 Loans.

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