Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Yuma, Arizona

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Yuma, Arizona, we've assembled a list of local small business banks that you should contact.

Local Yuma Lenders

Without further adieu, here's our list of small business banks in Yuma.

Small Business Bank Recent SBA Loans
1st Bank Yuma 1
A E A Federal Credit Union  
Armed Forces Bank  
Bank Of America  
Compass Bank - Albertson's Supermarket  
Compass Bank - Area Banking  
Custom House Global Foreign Exchange  
Farm Credit Services Southwest  
Foothills Bank  
Freedom Library  
National Bank of Arizona  
Wells Fargo Bank Arizona Na-Business Banking  
Wells Fargo Bank Na - Branch Location- Yuma- 8th Avenue & Catalina Dr  
Wells Fargo Bank NA - Branch Location- Yuma- Fry's  
Wells Fargo Home Mortgage  
Yuma Community Bank  

SBA Lenders for Yuma Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank Of Arizona
Phoenix, AZ
2
Bank Of America
Charlotte, NC
8
Borrego Springs Bank
Borrego Springs, CA
1
Business Loan Center, LLC
Panama City Beach, FL
2
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
2
Cobiz Bank
Phoenix, AZ
1
Comerica Bank
Dallas, TX
6
Comerica Bank
Sacramento, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Chicago, IL
1
Jpmorgan Chase Bank
Houston, TX
14
Mohave State Bank
Lake Havasu City, AZ
1
National Bank Of Arizona
Phoenix, AZ
9
Rabobank, National Association
El Centro, CA
1
Sunrise Bank Of Arizona
Phoenix, AZ
1
U.S. Bank National Association
Cincinnati, OH
4
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
Phoenix, AZ
1
Wells Fargo Bank
San Jose, CA
10
Wells Fargo Bank
Sioux Falls, SD
2
Wilshire State Bank
Los Angeles, CA
1

Business Loan Advice for Yuma Businesses

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a company that is already doing 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed 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 learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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