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

Small Business Lenders in Palos Verdes Estates, California

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Palos Verdes Estates, California, we've assembled a list of local small business banks that you should contact.

Local Palos Verdes Estates Banks

Without further adieu, here's our list of small business banks in Palos Verdes Estates.

Small Business Bank Recent SBA Loans
Bank Of America  

Banks that Lend to Palos Verdes Estates Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Business Bank
Burbank, CA
1
Citizens Business Bank
Ontario, CA
1
Fullerton Community Bank, FSB
Fullerton, CA
1
Innovative Bank
Oakland, CA
1
Sce Fcu
Irwindale, CA
1
Washington Mutual Bank
Henderson, NV
1

Business Loan Advice for Palos Verdes Estates Businesses

Prior to contacting banks 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to 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 are SBA lenders. Before you sit down to talk with a small business banker, 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Business Line of Credit.

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