Loan Census Banking News and Information
December 4, 2023  
  Business Loan Information  

Newman, California Small Business Loans

Loan Census SBA Loan Info

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

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

Local Newman Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Newman.

Small Business Bank Recent SBA Loans
Bank of the West - Newman- Branch  

Business Loan Providers for Newman Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
Bank Of America
Charlotte, NC
Bank Of The West
Truckee, CA
Bridge Bank
San Jose, CA
Capital One
Mclean, VA
County Bank
Merced, CA
Innovative Bank
Oakland, CA
Temecula Valley Bank
Temecula, CA
Wachovia SBA Lending, Inc.
Roseville, CA
Wells Fargo Bank
San Jose, CA

Newman Bank Loan Tips

Before contacting lenders for a 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the money 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 guarantee 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 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. Prior to visiting local banks, you may want to read up on 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Business Credit Evaluation.

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