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

Santa Cruz, California Business Loan

 
Loan Census SBA Loan Info

Looking for a Santa Cruz, 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.

These materials were prepared for entrepreneurs in Santa Cruz, California who are interested in getting a small business loan.

Local Santa Cruz Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West - Branch Locations- Santa Cruz  
Coast Comm. Bank A Division - 87
Comerica Bank 16
Santa Cruz Community Cu 69
Santa Cruz County Bank 59

Lenders for Santa Cruz Businesses

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

Small Business Bank Recent SBA Loans
Amer Express Centurion Bk
Salt Lake City, UT
1
Bank Of America
Charlotte, NC
24
Bank Of The West
San Francisco, CA
1
Bank Of The West
Truckee, CA
4
Branch Bank & Trust
Winston Salem, NC
1
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
9
Cit Small Business Lending Corp
Livingston, NJ
2
Citibank
San Francisco, CA
4
Comerica Bank
Dallas, TX
20
Community Bank - Cent. Californi
Salinas, CA
1
Community W. Bank
Goleta, CA
2
Cupertino National Bank A Division
Cupertino, CA
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Greater Bay Bank
Palo Alto, CA
4
Heritage Bank Of Commerce
San Jose, CA
29
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
6
Monterey County Bank
Monterey, CA
3
Nara Bank
Los Angeles, CA
5
Saehan Bank
Los Angeles, CA
1
Small Business Loan Source LLC
Houston, TX
1
Spectrum Bank
Irvine, CA
2
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
2
Union Bank Of California
San Francisco, CA
1
Washington Mutual Bank
Henderson, NV
5
Wells Fargo Bank
San Jose, CA
11
Wells Fargo Bank
Sioux Falls, SD
3
Wilshire State Bank
Los Angeles, CA
6

Santa Cruz Business Loan Advice

As a prerequisite to 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, define how the money will be used, and show your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. 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 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 meeting with the 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is all about providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read 504 Loans.

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