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

Shafter, California Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Shafter, California! If that's what's on your mind, you've come to the right place.

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

Local Shafter Business Lenders

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

Small Business Bank Recent SBA Loans
Bank of America  

Banks that Lend to Shafter Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
8
Bank Of The Sierra
Porterville, CA
2
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Heritage Bank Of Commerce
San Jose, CA
1
Pacific Western Bank
San Diego, CA
1
San Joaquin Bank
Bakersfield, CA
1
U.S. Bank National Association
Cincinnati, OH
1
Ups Capital Business Credit
Los Angeles, CA
1
Wells Fargo Bank
Carlsbad, CA
1

Shafter Bank Loan Tips

Before meeting with banks to get 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 how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the loan 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, the bank may ask you to to to guarantee the loan 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 you sit down to talk with a small business banker, you may want to do your homework 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 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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