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

Small Business Lenders in Santa Monica, California

 
Loan Census SBA Loan Info

Getting a business loan in Santa Monica, California seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Santa Monica, California, we've assembled a list of local small business banks that you should contact.

Local Santa Monica Banks

Without further adieu, here's our list of small business banks in Santa Monica.

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West  
California Bank & Trust - Branch Offices- Santa Monica  

Lenders for Santa Monica Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
4
American Continental Bank
City Of Industry, CA
1
Banco Popular North America
New York City, NY
5
Bank - America California
Rancho Cordova, CA
4
Bank Of America
Charlotte, NC
117
Bay Cities National Bank
Redondo Beach, CA
2
Beach Business Bank
Manhattan Beach, CA
4
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
20
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
21
Cathay Bank
Alhambra, CA
1
Celtic Bank Corporation
Salt Lake City, UT
1
Center Bank
Los Angeles, CA
5
Cit Small Business Lending Corp
Livingston, NJ
2
Citibank
Las Vegas, NV
1
Citibank
Miami, FL
1
Citibank
San Francisco, CA
6
Citizens Business Bank
Burbank, CA
2
City National Bank
Los Angeles, CA
1
Comerica Bank
Dallas, TX
8
Community Bank Of Nevada
Las Vegas, NV
1
East West Bank
El Monte, CA
1
East West Bank
Tarzana, CA
2
Excel National Bank
Beverly Hills, CA
2
Far East National Bank
Los Angeles, CA
4
First Commerce Bank
Encino, CA
1
First Private Bank & Trust
Encino, CA
1
Hanmi Bank
Los Angeles, CA
4
Hsbc Bank Usa
Buffalo, NY
2
Inland Commun Bank
Ontario, CA
1
Innovative Bank
Oakland, CA
27
Internatl City Bank
Long Beach, CA
2
Metropacific Bank
Irvine, CA
1
Nara Bank
Los Angeles, CA
2
National Bank Of California
Los Angeles, CA
3
Oneunited Bank
Boston, MA
1
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific City Bank
Los Angeles, CA
1
Pacific Premier Bank
Costa Mesa, CA
1
Pacific Western Bank
Escondido, CA
1
Pacific Western Bank
Rancho Santa Fe, CA
2
Pacific Western Bank
Rosemead, CA
2
Saehan Bank
Los Angeles, CA
2
Security Bank Of California
Riverside, CA
1
Shinhan Bank America
Los Angeles, CA
1
Superior Financial Group, LLC
Walnut Creek, CA
3
Telesis Community Cu
Chatsworth, CA
3
Temecula Valley Bank
Temecula, CA
1
Tomatobank
City Of Industry, CA
2
U.S. Bank National Association
Cincinnati, OH
33
Union Bank Of California
Irvine, CA
1
Union Bank Of California
San Francisco, CA
8
United Commercial Bank
San Francisco, CA
2
Ups Capital Business Credit
Windsor, CT
1
Vineyard Bank
Corona, CA
4
Wachovia SBA Lending, Inc.
Roseville, CA
5
Washington Mutual Bank
Henderson, NV
8
Wells Fargo Bank
San Jose, CA
49
Wells Fargo Bank
Sioux Falls, SD
4
Wilshire State Bank
Los Angeles, CA
2
Zions First National Bank
West Valley City, UT
1

Business Loan Advice for Santa Monica Businesses

Before contacting banks for a 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

Having a business plan is essential. If the financing is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge your personal assets, such as the equity in your home. 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 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

If you are new to our Gaebler.com site, you should know that we are all about helping small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Business Line of Credit.

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