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

Lynwood, California Business Loan

 
Loan Census SBA Loan Info

Looking for a Lynwood, 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.

This article is written specifically for entrepreneurs in Lynwood, California who are interested in getting a bank loan.

Local Lynwood Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  

Business Loan Providers for Lynwood Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Americas United Bank
Glendale, CA
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
9
Bbva Bancomer Usa
Moreno Valley, CA
1
California Bank & Trust
Sacramento, CA
4
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
1
Citibank
Las Vegas, NV
1
Citibank
Miami, FL
1
Citicapital Small Business Finance
Irving, TX
1
Comerica Bank
Dallas, TX
4
Community Bank
Pasadena, CA
2
Far East National Bank
Los Angeles, CA
1
Gateway Business Bank
Cerritos, CA
2
Hanmi Bank
Los Angeles, CA
7
Innovative Bank
Oakland, CA
10
Mirae Bank
Los Angeles, CA
1
Nara Bank
Los Angeles, CA
3
Pacific Western Bank
Rosemead, CA
1
Saehan Bank
Los Angeles, CA
5
Shinhan Bank America
New York City, NY
1
Small Business Loan Source LLC
Houston, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Temecula Valley Bank
Temecula, CA
2
U.S. Bank National Association
Cincinnati, OH
6
Uniti Bank
Buena Park, CA
2
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
3
Wells Fargo Bank
Sioux Falls, SD
1
Wilshire State Bank
Los Angeles, CA
5

Lynwood Business Loan Advice

As a prerequisite to meeting with banks 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan is to for a company that is already doing business, 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 pledge your personal assets, such as the equity in your home. 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 these banks are SBA lenders. 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 recommend you read 504 Loans.

More Business Loan Info for California
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