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

Small Business Lenders in South El Monte, California

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in South El Monte, California, we've assembled a list of local small business banks that you should contact.

Local South El Monte Business Lenders

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

Small Business Bank Recent SBA Loans
Bank of the West - Branch Locations- South El Monte  

Banks that Lend to South El Monte Businesses

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

Small Business Bank Recent SBA Loans
1st Centennial Bank
Redlands, CA
1
Alliance Bank
Culver City, CA
1
American Continental Bank
City Of Industry, CA
1
Bank Of America
Charlotte, NC
41
California Bank & Trust
Sacramento, CA
13
Capital One
Mclean, VA
1
Cathay Bank
Alhambra, CA
5
Cathay Bank
Los Angeles, CA
1
Center Bank
Los Angeles, CA
3
Citibank
Las Vegas, NV
4
Citibank
San Francisco, CA
5
Citizens Business Bank
Burbank, CA
1
Citizens Business Bank
Ontario, CA
1
Comerica Bank
Dallas, TX
5
Commonwealth Business Bank
Los Angeles, CA
1
Community Bank
Pasadena, CA
4
East West Bank
El Monte, CA
1
East West Bank
Pasadena, CA
2
East West Bank
San Marino, CA
1
Far East National Bank
Los Angeles, CA
2
First Bank
Creve Coeur, MO
3
First Bank
Huntington Beach, CA
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
6
Hsbc Bank Usa
Syracuse, NY
1
Innovative Bank
Oakland, CA
5
Merchants Bank - California Natl
Carson, CA
2
Mirae Bank
Los Angeles, CA
3
Nara Bank
Los Angeles, CA
1
National Bank Of Arizona
Tucson, AZ
2
National Bank Of California
Los Angeles, CA
1
Omni Bank
Monterey Park, CA
1
Pacific City Bank
Los Angeles, CA
1
Pacific Western Bank
Huntington Beach, CA
1
Pacific Western Bank
Rosemead, CA
2
South Cnty Bank
Rancho Santa Margarit, CA
1
Temecula Valley Bank
Temecula, CA
5
U.S. Bank National Association
Cincinnati, OH
1
United Commercial Bank
Rosemead, CA
3
United Commercial Bank
San Francisco, CA
23
United Commercial Bank
Temple City, CA
1
Uniti Bank
Buena Park, CA
3
Ups Capital Business Credit
Windsor, CT
2
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Auburn, CA
1
Wells Fargo Bank
San Jose, CA
9
Wells Fargo Bank
Sioux Falls, SD
2
Wilshire State Bank
Los Angeles, CA
1

Business Loan Advice for South El Monte Businesses

Prior to reaching out to banks to get 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 secure the business with 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 the banks in our list are SBA lenders. 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

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 Realistic Debt Financing Options.

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