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March 28, 2024  
 
 
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Mi-wuk Village, California Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Mi-wuk Village, California who are interested in getting debt financing.

Business Loan Providers for Mi-wuk Village Businesses

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

Small Business Bank Recent SBA Loans
Sterling Savings Bank
Santa Rosa, CA
1

Mi-wuk Village Business Loan Advice

Before contacting lenders 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 how you intend to to pay the loan back to the lender.

Having a 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Choosing VC Firms.

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