Loan Census Banking News and Information
August 5, 2021  
 
 
  Business Loan Information  
 

Palm Springs, California Business Loan

 
Loan Census SBA Loan Info

Raising money in Palm Springs, California? If so, you'll want to talk to some of these small business lenders in Palm Springs.

These materials were prepared for small business owners in Palm Springs, California who are interested in getting debt financing.

Local Palm Springs Banks

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

Small Business Bank Recent SBA Loans
ATM Associates Inc  
Banco Popular  
Bank Of America  
Canyon National Bank  

Banks that Lend to Palm Springs Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
25
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
6
Cit Small Business Lending Corp
Livingston, NJ
2
Citibank
Las Vegas, NV
4
Citibank
San Francisco, CA
2
Comerica Bank
Dallas, TX
4
East West Bank, A Division Of
Victorville, CA
1
Far East National Bank
Los Angeles, CA
1
First National Bank - Southern Calif
Vista, CA
1
Hanmi Bank
Los Angeles, CA
1
Inland Commun Bank
Rialto, CA
1
Internatl City Bank
Long Beach, CA
1
Nara Bank
Los Angeles, CA
2
Pacific Western Bank
Escondido, CA
7
Pacific Western Bank
Huntington Beach, CA
1
Pacific Western Bank
San Diego, CA
1
Pacific Western Bank
South Pasadena, CA
1
Rabobank, National Association
Arroyo Grande, CA
1
Rabobank, National Association
El Centro, CA
1
South Cnty Bank
Rancho Santa Margarit, CA
1
Temecula Valley Bank
Temecula, CA
2
Union Bank Of California
San Francisco, CA
1
Uniti Bank
Buena Park, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Carlsbad, CA
2
Wells Fargo Bank
Escondido, CA
1
Wells Fargo Bank
San Jose, CA
10
Zions First National Bank
West Valley City, UT
5

Palm Springs Business Loan Advice

Prior to meeting with lenders to discuss getting a bank 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 essential. If the financing is to for a company that is already doing 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 cash flow from the business does not meet your projections.

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. 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.

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 Investor Turnoffs.

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