Loan Census Banking News and Information
May 25, 2024  
  Business Loan Information  

Thousand Palms, California Business Loan

Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Thousand Palms, California who are interested in getting debt financing.

Business Loan Providers for Thousand Palms Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Borrego Springs Bank
Borrego Springs, CA
East West Bank
Pasadena, CA
Fullerton Community Bank, FSB
Fullerton, CA
Palm Desert National Bank
Palm Desert, CA
Temecula Valley Bank
Temecula, CA
Wells Fargo Bank
San Jose, CA

Thousand Palms Business Loan Advice

As a prerequisite to meeting with banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a going concern, 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, the bank may ask you to to pledge 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 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. Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Equity Dilution Works.

Business Loan Sources for Other Cities in California
Get a Business Loan in Thousand Oaks
Get a Business Loan in Tiburon

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