Loan Census Banking News and Information
May 19, 2024  
  Business Loan Information  

Rolling Hills, California Small Business Loans

Loan Census SBA Loan Info

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

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

Lenders for Rolling Hills Businesses

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

Small Business Bank Recent SBA Loans
Bay Cities National Bank
Redondo Beach, CA
Beach Business Bank
Manhattan Beach, CA
City National Bank
Los Angeles, CA
East West Bank
Pasadena, CA
Lehman Brothers Bank, FSB
Wilmington, DE
Security Pacific Bank
Los Angeles, CA
Vision One Cu
Sacramento, CA
Wells Fargo Bank
San Jose, CA

Rolling Hills Bank Loan Tips

Before contacting 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan 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 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 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. Advice on Raising Money

Our site is all about assisting small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

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