Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Loomis, California Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Loomis, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Loomis Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  

SBA Lenders for Loomis Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
2
Citibank
Las Vegas, NV
2
Fullerton Community Bank, FSB
Fullerton, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Inland Commun Bank
Rialto, CA
1
Innovative Bank
Oakland, CA
1
Silver State Bank
Henderson, NV
2
Sterling Savings Bank
Santa Rosa, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Umpqua Bank
Auburn, CA
1
Umpqua Bank
Roseville, CA
1
Wells Fargo Bank
Auburn, CA
1
Wells Fargo Bank
San Jose, CA
3

Loomis Bank Loan Tips

Prior to reaching out to banks for a loan, you will need to develop the specifics of your loan request.

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 is critically important. 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 to guarantee the loan with 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. 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.

Gaebler.com Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read 504 Loans.

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