Loan Census Banking News and Information
July 2, 2022  
 
 
  Business Loan Information  
 

Small Business Lenders in Rancho Palos Verdes, California

 
Loan Census SBA Loan Info

Small business loans in Rancho Palos Verdes, California are available. You just need to talk to the right bank.

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

Business Loan Providers for Rancho Palos Verdes Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
12
Bay Cities National Bank
Redondo Beach, CA
1
Beach Business Bank
Manhattan Beach, CA
1
California Bank & Trust
Sacramento, CA
3
Capital One
Mclean, VA
2
Capital One Bank (usa)
Glen Allen, VA
1
Center Bank
Los Angeles, CA
1
Citibank
San Francisco, CA
2
Comerica Bank
Dallas, TX
1
Comerica Bank
Long Beach, CA
1
First Bank
Creve Coeur, MO
1
Grow America Fund Inc
New York, NY
1
Innovative Bank
Oakland, CA
5
Lehman Brothers Bank, FSB
Wilmington, DE
2
Merchants Bank - California Natl
Carson, CA
1
Pacific Western Bank
Escondido, CA
1
Pacific Western Bank
Huntington Beach, CA
1
Pacific Western Bank
Rosemead, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Union Bank Of California
San Francisco, CA
1
Uniti Bank
Buena Park, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
2
Wilshire State Bank
Los Angeles, CA
1

Business Loan Advice for Rancho Palos Verdes Businesses

Prior to reaching out to lenders 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan is to for a company that is already doing 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, the bank may ask you to 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 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Business Line of Credit.

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