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

Small Business Lenders in San Joaquin, California

Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in San Joaquin, California, we've put together a list of local small business banks that you should contact.

Lenders for San Joaquin Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Miami, FL
Comerica Bank
Dallas, TX

Business Loan Advice for San Joaquin Businesses

Prior to meeting with 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money is to for a company that is already doing business, 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 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 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. Before you sit down to talk with a small business banker, you may want to do your homework 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

If you are new to our site, you should know that we are all about aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is How Much Venture Capital Is There?.

Business Loan Sources for Other Cities in California
Get a Business Loan in San Jacinto
Get a Business Loan in San Jose

Browse All Business Loan Sources for California