Loan Census Banking News and Information
June 29, 2022  
 
 
  Business Loan Information  
 

Redondo Beach, California Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Redondo Beach, California! If that's what's on your mind, you've come to the right place.

These materials were prepared for entrepreneurs in Redondo Beach, California who are interested in getting a bank loan.

Local Redondo Beach Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Redondo Beach.

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West - Branch Locations- Redondo Beach  
Bay Cities National Bank 93

SBA Lenders for Redondo Beach Businesses

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

Small Business Bank Recent SBA Loans
American Security Bank
Santa Ana, CA
1
Americas United Bank
Glendale, CA
1
Banco Popular North America
New York City, NY
2
Bank - America California
Rancho Cordova, CA
1
Bank Of America
Charlotte, NC
44
Bank Of The Sierra
Porterville, CA
1
Beach Business Bank
Manhattan Beach, CA
3
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
11
Capital One
Mclean, VA
8
Cathay Bank
Alhambra, CA
2
Center Bank
Los Angeles, CA
2
Cit Small Business Lending Corp
Livingston, NJ
4
Citibank
Las Vegas, NV
1
Citibank
San Francisco, CA
3
Coast National Bank
San Luis Obispo, CA
1
Comerica Bank
Dallas, TX
5
Community Bank
Pasadena, CA
5
Community W. Bank
Goleta, CA
1
Far East National Bank
Los Angeles, CA
2
First Bank
Creve Coeur, MO
3
First Bank
Huntington Beach, CA
1
First Private Bank & Trust
Encino, CA
2
Fullerton Community Bank, FSB
Fullerton, CA
1
Gbc International Bank
Monterey Park, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
5
Innovative Bank
Oakland, CA
13
Internatl City Bank
Long Beach, CA
4
Lehman Brothers Bank, FSB
Wilmington, DE
2
Nara Bank
Los Angeles, CA
2
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific Western Bank
Escondido, CA
2
Pacific Western Bank
Huntington Beach, CA
1
Pff Bank & Trust
Rancho Cucamonga, CA
1
Ridgestone Bank
Brookfield, WI
1
Saehan Bank
Los Angeles, CA
2
South Cnty Bank
Rancho Santa Margarit, CA
2
Superior Financial Group, LLC
Walnut Creek, CA
3
Telesis Community Cu
Chatsworth, CA
2
U.S. Bank National Association
Cincinnati, OH
7
United Central Bank
Garland, TX
1
Uniti Bank
Buena Park, CA
2
Universal Bank
West Covina, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
4
Washington Mutual Bank
Henderson, NV
7
Washington Mutual Bank
Medford, OR
1
Wells Fargo Bank
Carlsbad, CA
2
Wells Fargo Bank
San Jose, CA
12
Wells Fargo Bank
Sioux Falls, SD
3
Wilshire State Bank
Los Angeles, CA
5

Redondo Beach Business Loan Advice

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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the bank loan is to for an existing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Business Line of Credit.

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