If you are hoping to get a small business loan and your business is based in Quail Valley, California, we've assembled a list of local small business banks that you should contact.
SBA Lenders for Quail Valley Businesses
This is a list of banks outside of Quail Valley, California that have provided SBA loans to Quail Valley businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Quail Valley Businesses
Prior to meeting with banks for a 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, describe what the money will finance, and show your ability to pay the loan back to the bank.
Being able to present a well-written business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 pledge 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. 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.
Gaebler.com Advice on Raising Money
Our Gaebler.com site is devoted to providing advice to entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read Getting a Small Business Loan.
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