Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Los Altos, California Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Los Altos, California who are interested in getting a bank loan.

Local Los Altos Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West - Branch Locations- Los Altos  

Other Lending Resources for Los Altos Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
8
Bridge Bank
San Jose, CA
1
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
Miami, FL
1
Comerica Bank
Dallas, TX
5
Heritage Bank Of Commerce
San Jose, CA
6
Innovative Bank
Oakland, CA
3
U.S. Bank National Association
Cincinnati, OH
2
Union Bank Of California
San Francisco, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
8
Wilshire State Bank
Los Angeles, CA
1

Los Altos Business Loan Advice

Before contacting banks for a 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, describe what the money will finance, 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 company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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, the bank may ask you to to secure the business 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 are SBA lenders. 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.

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 Business Line of Credit.

More Business Lender Lists for California Cities
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