Loan Census Banking News and Information
December 8, 2022  
 
 
  Business Loan Information  
 

Business Loan Richmond, California

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Richmond, California who are interested in getting a bank loan.

Local Richmond Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the Orient  
Bank of the West - Richmond- Branch  
The Mechanics Bank 35

Lenders for Richmond Businesses

This is a list of banks outside of Richmond, California that have provided SBA loans to Richmond 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
1
Bank Of America
Charlotte, NC
11
Bank Of The West
Truckee, CA
3
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
7
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
3
Citibank
San Francisco, CA
7
Comerica Bank
Dallas, TX
1
Excel National Bank
Beverly Hills, CA
1
Far East National Bank
Los Angeles, CA
1
First Northern Bank Of Dixon
Dixon, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
12
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Pacific Cap. Bank
Santa Barbara, CA
2
Pacific Western Bank
Escondido, CA
1
Sterling Savings Bank
Santa Rosa, CA
2
Superior Financial Group, LLC
Walnut Creek, CA
1
The Mechanics Bank
Point Richmond, CA
1
Trans-pacific National Bank
San Francisco, CA
4
U.S. Bank National Association
Cincinnati, OH
1
United Commercial Bank
San Francisco, CA
2
Valley Community Bank
Pleasanton, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
3
Washington Mutual Bank
Henderson, NV
7
Wells Fargo Bank
San Jose, CA
9

Tips for Getting a Business Loan in Richmond

As a prerequisite to meeting with lenders to get a bank loan, you will need to develop the specifics of your loan request.

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 how you intend to to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the capital 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, you will likely be asked to secure the business with your personal assets, such as your individual retirement account or pension plan. 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. Before you sit down to talk with a small business banker, you may want to get up to speed 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 started, we suggest you read Angel Investors.

Business Loan Sources for Other Cities in California
Get a Business Loan in Rialto
Get a Business Loan in Ridgecrest

Browse All Business Loan Sources for California