Loan Census Banking News and Information
July 1, 2022  
 
 
  Business Loan Information  
 

Small Business Lenders in Reedley, California

 
Loan Census SBA Loan Info

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

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

Local Reedley Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank Of The Sierra  
Cardtronics  
Rabobank, National Association 3

Business Loan Providers for Reedley Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
Bank Of The Sierra
Porterville, CA
7
Capital One
Mclean, VA
3
Citibank
San Francisco, CA
3
Comerica Bank
Dallas, TX
1
Cupertino National Bank A Division
Cupertino, CA
1
Rabobank, National Association
El Centro, CA
2
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
1
Valley Business Bank
Visalia, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank, Ltd.
Los Angeles, CA
1

Business Loan Advice for Reedley Businesses

Before reaching out to banks to get 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Having a business plan is is critically important. If the financing is to for a going concern, 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, you will likely be asked to secure the business with 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 these banks are SBA lenders. 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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