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

Business Loan Monrovia, California

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Monrovia, California who are interested in getting a small business loan.

Local Monrovia Lending Resources

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

Small Business Bank Recent SBA Loans
Ark  
Bank Of America  

Banks that Lend to Monrovia Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
2
American Security Bank
Santa Ana, CA
1
Banco Popular North America
New York City, NY
4
Bank - America California
Rancho Cordova, CA
1
Bank Of America
Charlotte, NC
21
Bank Of The West
Truckee, CA
1
Bay Cities National Bank
Redondo Beach, CA
1
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
3
Capital One
Mclean, VA
8
Cathay Bank
Alhambra, CA
1
Celtic Bank Corporation
Salt Lake City, UT
1
Cit Small Business Lending Corp
Livingston, NJ
2
Citibank
Las Vegas, NV
1
Citibank
Miami, FL
1
Citibank
San Francisco, CA
9
Citizens Business Bank
Ontario, CA
2
Comerica Bank
Dallas, TX
1
Community Bank
Pasadena, CA
1
Excel National Bank
Beverly Hills, CA
1
First Bank
Creve Coeur, MO
2
First Bank
Huntington Beach, CA
1
Gateway Business Bank
Cerritos, CA
1
Hanmi Bank
Los Angeles, CA
4
Inland Commun Bank
Duarte, CA
1
Innovative Bank
Oakland, CA
2
Lehman Brothers Bank, FSB
Wilmington, DE
1
Loans From Old Closed Lenders
Washington, DC
1
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific Western Bank
Covina, CA
1
Pacific Western Bank
Glendora, CA
1
Pacific Western Bank
Los Angeles, CA
1
Pacific Western Bank
Rancho Santa Fe, CA
1
Pacific Western Bank
Rosemead, CA
1
Professional Business Bank
Pasadena, CA
1
Saehan Bank
Los Angeles, CA
1
South Cnty Bank
Rancho Santa Margarit, CA
2
Superior Financial Group, LLC
Walnut Creek, CA
1
Telesis Community Cu
Chatsworth, CA
1
U.S. Bank National Association
Cincinnati, OH
7
Union Bank Of California
San Bernardino, CA
1
Union Bank Of California
San Francisco, CA
1
Vineyard Bank
Irwindale, CA
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Carlsbad, CA
3
Wells Fargo Bank
San Jose, CA
18
Wells Fargo Bank
Sioux Falls, SD
2

Tips for Getting a Business Loan in Monrovia

Prior 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to to to guarantee the loan 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 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is devoted to providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in California
Get a Business Loan in Modesto
Get a Business Loan in Montebello

Browse All Business Loan Sources for California