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

Piedmont, California Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Piedmont, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Piedmont Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  

Other Lending Resources for Piedmont Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Wilshire State Bank
Los Angeles, CA
1

Piedmont Bank Loan Tips

Prior to reaching out to banks 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 plan to pay the loan back to the bank.

Having a business plan is is critically important. 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 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 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Angel Investors.

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