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

Saratoga, California Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Saratoga Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Saratoga.

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West - Branch Locations- Santa Clara- Saratoga  

Lenders for Saratoga Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
Bank Of The West
Truckee, CA
1
Bridge Bank
San Jose, CA
2
California Bank & Trust
Sacramento, CA
1
Comerica Bank
Dallas, TX
2
Comerica Bank
Santa Cruz, CA
1
Cupertino National Bank A Division
Cupertino, CA
2
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
6
San Jose National Bank A Division
San Jose, CA
1
U.S. Bank National Association
Cincinnati, OH
1
Washington Mutual Bank
Henderson, NV
1

Saratoga Bank Loan Tips

Before contacting lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the bank loan 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Find Start-Up Capital.

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