If you are planning on applying for a small business loan and your business is based in Pleasant Hill, California, we've assembled a list of local small business banks that you should contact.
Local Pleasant Hill Business Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Pleasant Hill.
|Small Business Bank
||Recent SBA Loans
|Bank Of America
Business Loan Providers for Pleasant Hill Businesses
This is a list of banks outside of Pleasant Hill, California that have provided SBA loans to Pleasant Hill businesses. Some of these may be national banks with local branch locations.
Pleasant Hill Bank Loan Tips
Prior to contacting lenders to discuss getting a bank loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.
Having a business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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
Take the time to learn as much as you can about Raising
Money. For starters, we suggest you read
Borrowing Money from Friends and Family.
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