Loan Census Banking News and Information
August 4, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Paso Robles, California

 
Loan Census SBA Loan Info

Small business loans in Paso Robles, 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 Paso Robles, California, we've assembled a list of local small business banks that you should contact.

Local Paso Robles Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Business Equipment Trading CO  
Heritage Oaks Bank 45
Santa Lucia Bank 2

Lenders for Paso Robles Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
Commerce, CA
1
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
1
Coast National Bank
San Luis Obispo, CA
5
Cupertino National Bank A Division
Cupertino, CA
1
First Bank - San Luis Obispo A D
San Luis Obispo, CA
2
Hanmi Bank
Los Angeles, CA
1
Mission Community Bank
San Luis Obispo, CA
17
Montecito Bank & Trust
Santa Barbara, CA
1
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific City Bank
Los Angeles, CA
1
Rabobank, National Association
Arroyo Grande, CA
27
Rabobank, National Association
Grover Beach, CA
1
Rabobank, National Association
Santa Maria, CA
1
Santa Lucia Bank
Atascadero, CA
2
South Valley National Bank A Divis
Gilroy, CA
1
Telesis Community Cu
Chatsworth, CA
1
Wells Fargo Bank
Sioux Falls, SD
2

Business Loan Advice for Paso Robles Businesses

Before reaching out to banks to get 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 how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. 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 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 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 the ball rolling, we recommend you read Getting a Small Business Loan.

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