Loan Census Banking News and Information
July 3, 2022  
  Business Loan Information  

Portola, California Small Business Loans

Loan Census SBA Loan Info

Raising money in Portola, California? If so, you'll want to talk to some of these small business lenders in Portola.

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

Local Portola Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West  

Banks that Lend to Portola Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Butte Community Bank
Oroville, CA
California Bank & Trust
Sacramento, CA
Capital One
Mclean, VA
Community W. Bank
Goleta, CA
Plumas Bank
Chester, CA

Portola Bank Loan Tips

Prior to meeting with banks to discuss getting 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, describe what the money will finance, 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 money 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 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 to guarantee the loan with 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Bank Credit Lines.

More Business Loan Info for California
Get a Business Loan in Porterville
Get a Business Loan in Poway

Browse All Business Loan Sources for California