These materials were prepared for small business owners in Pine Valley, California who are interested in getting a small business loan.
Business Loan Providers for Pine Valley Businesses
This is a list of banks outside of Pine Valley, California that have provided SBA loans to Pine Valley businesses. Some of these may be national banks with local branch locations.
Pine Valley Business Loan Advice
As a prerequisite to reaching out to 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, define how the money will be used, 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 financing is to for a going concern, 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 you cannot repay the loan.
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. Before you sit down to talk with a small business 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
Gaebler.com is a site that is deeply committed to providing advice to entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we recommend you read Getting a Small Business Loan.
Business Loan Sources for Other Cities in California
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Get a Business Loan in Pinole
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