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

Patterson, California Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Patterson, California! If that's what's on your mind, you've come to the right place.

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

Local Patterson Business Lenders

Without further adieu, here's our list of small business banks in Patterson.

Small Business Bank Recent SBA Loans
Bank of the West  
Tri Counties Bank 2

SBA Lenders for Patterson Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
County Bank
Merced, CA
1
Heritage Bank Of Commerce
San Jose, CA
1
Pacific Western Bank
Escondido, CA
1
Premier Valley Bank
Fresno, CA
1
Sterling Savings Bank
Santa Rosa, CA
1
U.S. Bank National Association
Cincinnati, OH
7
Umpqua Bank
Roseburg, OR
1
Umpqua Bank
Roseville, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Patterson Business Loan Advice

Before reaching out to banks to get a bank loan, you will need to develop the specifics of your loan request.

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.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 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

Our Gaebler.com site is dedicated to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read Realistic Debt Financing Options.

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