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May 19, 2024  
 
 
  Business Loan Information  
 

Soquel, California Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Soquel, California who are interested in getting debt financing.

SBA Lenders for Soquel Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
6
Capital One
Mclean, VA
5
Citibank
San Francisco, CA
1
Coast Comm. Bank A Division -
Santa Cruz, CA
1
Comerica Bank
Dallas, TX
2
Heritage Bank Of Commerce
San Jose, CA
5
Monterey County Bank
Monterey, CA
1
Santa Cruz Community Cu
Santa Cruz, CA
6
Santa Cruz County Bank
Santa Cruz, CA
2
Superior Financial Group, LLC
Walnut Creek, CA
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
1
Wilshire State Bank
Los Angeles, CA
1

Soquel Business Loan Advice

As a prerequisite to meeting with banks 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the money 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read How Much Venture Capital Is There?.

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