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

Weaverville, California Business Loan

Loan Census SBA Loan Info

I need a loan for my business in Weaverville, 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 Weaverville, California who are interested in getting a small business loan.

Banks that Lend to Weaverville Businesses

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

Small Business Bank Recent SBA Loans
Excel National Bank
Beverly Hills, CA
North Valley Bank
Redding, CA
Umpqua Bank
Roseburg, OR
Umpqua Bank
Roseville, CA
United Commercial Bank
San Francisco, CA

Weaverville Business Loan Advice

As a prerequisite to reaching out to lenders 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, define how the money will be used, and show how you intend to to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the bank 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, the bank may ask you to 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 these banks 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. Advice on Raising Money

If you are new to our site, you should know that we are dedicated to assisting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read Bank Credit Lines.

Business Loan Sources for Other Cities in California
Get a Business Loan in Watsonville
Get a Business Loan in West Covina

Browse All Business Loan Sources for California