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April 21, 2021  
 
 
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Business Loan Needles, California

 
Loan Census SBA Loan Info

Looking for a Needles, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for small business proprietors in Needles, California who are interested in getting a bank loan.

Local Needles Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Needles Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Bank Of The West
San Francisco, CA
1
Borrego Springs Bank
Borrego Springs, CA
2
Business Loan Center, LLC
New York, NY
1
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
1
Excel National Bank
Beverly Hills, CA
1
Hanmi Bank
Los Angeles, CA
1
Mirae Bank
Los Angeles, CA
1
Mission Oaks National Bank
Temecula, CA
2
Pacific Western Bank
Escondido, CA
1
Pff Bank & Trust
Pomona, CA
1
Wilshire State Bank
Los Angeles, CA
1

Tips for Getting a Business Loan in Needles

As a prerequisite to contacting banks 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 bank.

Having a business plan is is critically important. If the capital is to for a going concern, 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 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 devoted to aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

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