Loan Census Banking News and Information
May 5, 2021  
 
 
  Business Loan Information  
 

Business Loan Lemon Grove, California

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Lemon Grove, California who are interested in getting a bank loan.

Local Lemon Grove Banks

To help you learn more about local small business lenders, here's our list of small business banks in Lemon Grove.

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Lemon Grove Businesses

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

Small Business Bank Recent SBA Loans
Bank - America California
Rancho Cordova, CA
1
Bank Of America
Charlotte, NC
9
Bank Of The West
San Francisco, CA
1
Borrego Springs Bank
Borrego Springs, CA
2
Business Loan Center, LLC
Panama City Beach, FL
3
California Bank & Trust
Sacramento, CA
6
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
2
Citibank
Las Vegas, NV
1
Citibank
San Francisco, CA
1
First Bank
Chula Vista, CA
2
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
1
Lehman Brothers Bank, FSB
Wilmington, DE
1
Neighborhood National Bank
San Diego, CA
2
Pacific Cap. Bank
Santa Barbara, CA
2
Pacific Western Bank
Coronado, CA
2
Pacific Western Bank
Escondido, CA
1
U.S. Bank National Association
Cincinnati, OH
4
Union Bank Of California
San Francisco, CA
5
Vineyard Bank
Corona, CA
3
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Escondido, CA
1
Wells Fargo Bank
San Jose, CA
6
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Lemon Grove

Before meeting with 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 plan to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the capital is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 you sit down to talk with a small business 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is devoted to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read 504 Loans.

Business Loan Sources for Other Cities in California
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