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

Sunol, California Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Sunol, California who are interested in getting a bank loan.

SBA Lenders for Sunol Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Heritage Bank Of Commerce
San Jose, CA
1

Sunol Business Loan Advice

As a prerequisite to contacting 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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for an existing 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 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 meeting with the 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

Gaebler.com is a site that is passionate about assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Realistic Debt Financing Options.

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