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

Merced, California Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Merced, California, we've assembled a list of local small business banks that you should contact.

Local Merced Lenders

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

Small Business Bank Recent SBA Loans
American AgCredit  
Bank Of America  
County Bank 227

Banks that Lend to Merced Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Bank Of America
Charlotte, NC
16
Borrego Springs Bank
Borrego Springs, CA
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
6
Capital One Bank (usa)
Glen Allen, VA
1
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Golden, CO
1
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
Las Vegas, NV
5
Citibank
San Francisco, CA
9
Comerica Bank
Dallas, TX
4
Community Banks - Northern Cal
Tracy, CA
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Community W. Bank
Goleta, CA
1
First Republic Bank
Walnut Creek, CA
1
Fullerton Community Bank, FSB
Fullerton, CA
1
Greater Bay Bank
Palo Alto, CA
2
Heritage Bank Of Commerce
San Jose, CA
5
Innovative Bank
Oakland, CA
6
Loans From Old Closed Lenders
Washington, DC
1
Nara Bank
Los Angeles, CA
1
Premier Valley Bank
Fresno, CA
3
Temecula Valley Bank
Temecula, CA
2
U.S. Bank National Association
Cincinnati, OH
2
Umpqua Bank
Sonora, CA
1
Union Bank Of California
San Francisco, CA
1
Vision One Cu
Sacramento, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
8
Wells Fargo Bank
Sioux Falls, SD
1
Wilshire State Bank
Los Angeles, CA
1

Merced Bank Loan Tips

As a prerequisite to reaching out to 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 intend to to pay the loan back to the lender.

Having a 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 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, you will likely be asked to secure the business with 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 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

Our Gaebler.com site is passionate about helping small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read 504 Loans.

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