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May 25, 2024  
 
 
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Small Business Lenders in Spreckels, California

 
Loan Census SBA Loan Info

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

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

SBA Lenders for Spreckels Businesses

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

Small Business Bank Recent SBA Loans
Washington Mutual Bank
Henderson, NV
1

Business Loan Advice for Spreckels Businesses

Prior to meeting with lenders 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, describe what the money will finance, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the loan 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, the bank may ask you to 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. 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Angel Investors.

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