Loan Census Banking News and Information
May 22, 2024  
  Business Loan Information  

Small Business Lenders in Mojave, California

Loan Census SBA Loan Info

I need a loan for my business in Mojave, California! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Mojave, California, we've put together a list of local small business banks that you should contact.

Local Mojave Banks

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

Small Business Bank Recent SBA Loans
Mojave Desert Bank 47

Business Loan Providers for Mojave Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
California Bank & Trust
Sacramento, CA
Comerica Bank
Dallas, TX
Excel National Bank
Beverly Hills, CA
Heritage Bank Of Commerce
San Jose, CA
Mirae Bank
Los Angeles, CA
Small Business Loan Source LLC
Houston, TX
Union Bank Of California
San Francisco, CA
Ups Capital Business Credit
Windsor, CT

Business Loan Advice for Mojave Businesses

Before reaching out to banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

A well-defined 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 guarantee 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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 planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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