Loan Census Banking News and Information
May 19, 2024  
  Business Loan Information  

Plymouth, California Business Loan

Loan Census SBA Loan Info

Looking for a Plymouth, 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.

This article is written specifically for entrepreneurs in Plymouth, California who are interested in getting a small business loan.

Local Plymouth Lenders

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

Small Business Bank Recent SBA Loans
Bank of Lodi  

Lenders for Plymouth Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
American River Bank
Jackson, CA
Capital One
Mclean, VA
Farmers & Merchants Bank - Cent.
Elk Grove, CA
Wells Fargo Bank
Auburn, CA
Wells Fargo Bank
Lodi, CA
Wells Fargo Bank
Sioux Falls, SD

Plymouth Business Loan Advice

Prior to meeting with banks to get a bank 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 intend to to pay the loan back to the bank.

A well-defined 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. In addition, you should itemize 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks are SBA lenders. 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. Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in California
Get a Business Loan in Pleasanton
Get a Business Loan in Pomona

Browse All Business Loan Sources for California