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

Morgan Hill, California Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Morgan Hill Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Pinnacle Bank 6

Lenders for Morgan Hill Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
4
Comerica Bank
Dallas, TX
1
Cupertino National Bank A Division
Cupertino, CA
2
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
2
Mirae Bank
Los Angeles, CA
2
Nara Bank
Los Angeles, CA
1
Pacific Cap. Bank
Santa Barbara, CA
1
South Valley National Bank A Divis
Gilroy, CA
3
United Commercial Bank
San Francisco, CA
1
United Security Bank
Fresno, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Morgan Hill Bank Loan Tips

Before contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 how you plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for an existing business, 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 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 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.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are deeply committed to providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

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