Loan Census Banking News and Information
September 28, 2021  
 
 
  Business Loan Information  
 

Business Loan Pacifica, California

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Pacifica, California who are interested in getting a small business loan.

Local Pacifica Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  

Other Lending Resources for Pacifica Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
10
Borrego Springs Bank
Borrego Springs, CA
1
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
2
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
3
Citibank
San Francisco, CA
3
Hanmi Bank
Los Angeles, CA
1
Heritage Bank Of Commerce
San Jose, CA
2
Innovative Bank
Oakland, CA
1
Nara Bank
Los Angeles, CA
1
Pacific City Bank
Los Angeles, CA
1
San Jose National Bank A Division
San Jose, CA
2
U.S. Bank National Association
Cincinnati, OH
2
Union Bank Of California
San Francisco, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
2

Tips for Getting a Business Loan in Pacifica

Prior to meeting with lenders for a 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 lender.

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 guarantee 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 pledge 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 these banks are SBA lenders. Before you sit down to talk with a small business 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Attracting Investors.

Business Loan Sources for Other Cities in California
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