Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Oceano, California Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Oceano, California are available. You just need to talk to the right bank.

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

Other Lending Resources for Oceano Businesses

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

Small Business Bank Recent SBA Loans
Coast National Bank
San Luis Obispo, CA
1
First Bank - San Luis Obispo A D
San Luis Obispo, CA
1
Mission Community Bank
San Luis Obispo, CA
2
Rabobank, National Association
Arroyo Grande, CA
2
Santa Lucia Bank
Arroyo Grande, CA
1

Oceano Bank Loan Tips

Prior to contacting banks 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, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Having a business plan is is critically important. If the financing is to for an existing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Much Venture Capital Is There?.

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