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May 19, 2024  
 
 
  Business Loan Information  
 

Business Loan Vernon, California

 
Loan Census SBA Loan Info

Getting a business loan in Vernon, California seems challenging at first, but we're here to help you get started.

This article is written specifically for entrepreneurs in Vernon, California who are interested in getting debt financing.

Local Vernon Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  

Other Lending Resources for Vernon Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Banco Popular North America
New York City, NY
11
Bank Of America
Charlotte, NC
17
California Bank & Trust
Sacramento, CA
10
Capital One
Mclean, VA
1
Capital One Bank (usa)
Glen Allen, VA
1
Cathay Bank
Los Angeles, CA
3
Center Bank
Los Angeles, CA
13
Citibank
Las Vegas, NV
2
Citibank
San Francisco, CA
1
Citizens Business Bank
Burbank, CA
4
Comerica Bank
Dallas, TX
1
East West Bank
Pasadena, CA
1
First Bank
Huntington Beach, CA
3
First Standard Bank
Los Angeles, CA
1
Fullerton Community Bank, FSB
Fullerton, CA
1
Gbc International Bank
Monterey Park, CA
1
Hanmi Bank
Los Angeles, CA
9
Heritage Bank Of Commerce
San Jose, CA
2
Inland Commun Bank
Duarte, CA
1
Inland Commun Bank
Rialto, CA
1
Innovative Bank
Oakland, CA
4
Mirae Bank
Los Angeles, CA
1
Nara Bank
Los Angeles, CA
4
National Bank Of California
Los Angeles, CA
1
Pacific Cap. Bank
Santa Barbara, CA
2
Pacific City Bank
Los Angeles, CA
1
Pacific Western Bank
Escondido, CA
2
Pacific Western Bank
Rosemead, CA
1
Premier Comm. Bank
Anaheim, CA
1
Saehan Bank
Los Angeles, CA
2
Small Business Loan Source LLC
Houston, TX
1
Telesis Community Cu
Chatsworth, CA
1
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
5
Union Bank Of California
San Francisco, CA
1
United Commercial Bank
San Francisco, CA
3
Uniti Bank
Buena Park, CA
1
Ups Capital Business Credit
Windsor, CT
4
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
4
Wilshire State Bank
Los Angeles, CA
3

Tips for Getting a Business Loan in Vernon

Before 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 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 an important prerequisite. If the loan 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 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 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 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

Our Gaebler.com site is passionate about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read Getting a Small Business Loan.

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