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

Seal Beach, California Business Loan

 
Loan Census SBA Loan Info

Small business loans in Seal Beach, California are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Seal Beach, California who are interested in getting a small business loan.

Local Seal Beach Business Lenders

Without further adieu, here's our list of small business banks in Seal Beach.

Small Business Bank Recent SBA Loans
Bank of America  

SBA Lenders for Seal Beach Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Bank Of America
Charlotte, NC
8
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
1
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
San Francisco, CA
1
Fullerton Community Bank, FSB
Fullerton, CA
1
Hanmi Bank
Los Angeles, CA
2
Pacific Western Bank
Huntington Beach, CA
1
Premier Comm. Bank
Anaheim, CA
1
Shinhan Bank America
New York City, NY
1
Union Bank Of California
San Bernardino, CA
1
Universal Bank
West Covina, CA
1
Wells Fargo Bank
San Jose, CA
2
Wilshire State Bank
Los Angeles, CA
1

Seal Beach Business Loan Advice

As a prerequisite to meeting with banks to get 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 an important prerequisite. If the money is to for a going concern, 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 to guarantee the loan with 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business 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 planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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