Loan Census Banking News and Information
August 16, 2022  
 
 
  Business Loan Information  
 

San Lorenzo, California Small Business Loans

 
Loan Census SBA Loan Info

Looking for a San Lorenzo, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are hoping to get a small business loan and your business is based in San Lorenzo, California, we've assembled a list of local small business banks that you should contact.

Local San Lorenzo Banks

To assist you in finding a small business banker, here's our list of small business banks in San Lorenzo.

Small Business Bank Recent SBA Loans
Bank of the West - Branch Locations- San Lorenzo  

Banks that Lend to San Lorenzo Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
3
Hanmi Bank
Los Angeles, CA
1
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
1
Stearns Bank
Saint Cloud, MN
1

San Lorenzo Bank Loan Tips

Prior to reaching out to banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Having a business plan is is critically important. If the financing is to for an existing business, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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. 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

Our Gaebler.com site is devoted to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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