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

Novato, California Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Novato, California who are interested in getting a bank loan.

Local Novato Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of Marin  
Bank of the West - Novato  
Circle Bank 6

Other Lending Resources for Novato Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
17
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
10
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
1
Citibank
Miami, FL
1
Citibank
San Francisco, CA
2
Comerica Bank
Dallas, TX
2
Community W. Bank
Goleta, CA
2
Cupertino National Bank A Division
Cupertino, CA
1
First Community Bank
Santa Rosa, CA
1
First National Bank - Northern Calif
San Francisco, CA
2
First Republic Bank
Walnut Creek, CA
1
Greater Bay Bank
Palo Alto, CA
1
Hanmi Bank
Los Angeles, CA
1
Heritage Bank Of Commerce
San Jose, CA
2
Innovative Bank
Oakland, CA
1
Lehman Brothers Bank, FSB
Wilmington, DE
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Nara Bank
Los Angeles, CA
1
Newtek Small Business Finance Inc.
New York, NY
1
Sterling Savings Bank
Santa Rosa, CA
4
Tamalpais Bank
San Rafael, CA
1
U.S. Bank National Association
Cincinnati, OH
5
Union Bank Of California
South San Francisco, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
2
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
12
Wells Fargo Bank
Sioux Falls, SD
2

Novato Business Loan Advice

Before contacting lenders to discuss getting 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 how you plan to pay the loan back to the lender.

A well-defined business plan is essential. If the loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business 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 do your homework 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read Business Line of Credit.

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