Loan Census Banking News and Information
December 5, 2023  
  Business Loan Information  

Maywood, California Business Loan

Loan Census SBA Loan Info

Raising money in Maywood, California? If so, you'll want to talk to some of these small business lenders in Maywood.

These materials were prepared for small business owners in Maywood, California who are interested in getting a bank loan.

Banks that Lend to Maywood Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
Banco Popular North America
Commerce, CA
Banco Popular North America
New York City, NY
Bank Of America
Charlotte, NC
California Bank & Trust
Sacramento, CA
Capital One
Mclean, VA
Cathay Bank
Los Angeles, CA
Center Bank
Los Angeles, CA
Cit Small Business Lending Corp
Livingston, NJ
Comerica Bank
Dallas, TX
Hanmi Bank
Los Angeles, CA
Innovative Bank
Oakland, CA
Saehan Bank
Los Angeles, CA
Temecula Valley Bank
Temecula, CA
U.S. Bank National Association
Cincinnati, OH
United Commercial Bank
San Francisco, CA
Uniti Bank
Buena Park, CA
Wells Fargo Bank
San Jose, CA
Wilshire State Bank
Los Angeles, CA

Maywood Business Loan Advice

Before contacting banks to discuss getting 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 your ability 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 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 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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. Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Business Line of Credit.

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