Loan Census Banking News and Information
July 4, 2022  
  Business Loan Information  

Small Business Lenders in Pollock Pines, California

Loan Census SBA Loan Info

Getting a business loan in Pollock Pines, California seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Pollock Pines, California, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Pollock Pines Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
California Bank & Trust
Sacramento, CA
First Northern Bank Of Dixon
Dixon, CA
Innovative Bank
Oakland, CA
Sterling Savings Bank
Santa Rosa, CA
U.S. Bank National Association
Cincinnati, OH
Umpqua Bank
Cameron Park, CA
Wells Fargo Bank
San Jose, CA

Business Loan Advice for Pollock Pines Businesses

Before contacting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is is critically important. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, 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 are SBA lenders. 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. Advice on Raising Money is a site that is dedicated to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Business Credit Evaluation.

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