Loan Census Banking News and Information
May 25, 2024  
  Business Loan Information  

Business Loan San Juan Bautista, California

Loan Census SBA Loan Info

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

We wrote this article for small business owners in San Juan Bautista, California who are interested in getting a small business loan.

Banks that Lend to San Juan Bautista Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Heritage Bank Of Commerce
San Jose, CA
Pacific Cap. Bank
Santa Barbara, CA
Wells Fargo Bank
San Jose, CA

Tips for Getting a Business Loan in San Juan Bautista

Before reaching out to lenders to discuss getting 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.

Being able to present a well-written business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 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. Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review How to Raise Money.

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

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