These materials were prepared for small business proprietors in Coronado, California who are interested in getting a small business loan.
Local Coronado Business Lenders
To assist you in finding a small business banker, here's our list of small business banks in Coronado.
SBA Lenders for Coronado Businesses
This is a list of banks outside of Coronado, California that have provided SBA loans to Coronado businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
3 |
Bridge Bank
San Jose, CA |
2 |
Business Loan Center, LLC
Panama City Beach, FL |
1 |
California Bank & Trust
Sacramento, CA |
1 |
Center Bank
Los Angeles, CA |
1 |
Comerica Bank
Dallas, TX |
1 |
Innovative Bank
Oakland, CA |
2 |
Pacific Western Bank
Rancho Santa Fe, CA |
4 |
Pacific Western Bank
San Diego, CA |
1 |
Pacific Western Bank
Santee, CA |
1 |
Security Business Bank - San Diego
San Diego, CA |
2 |
U.S. Bank National Association
Cincinnati, OH |
3 |
Union Bank Of California
San Francisco, CA |
2 |
Uniti Bank
Buena Park, CA |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Washington Mutual Bank
Henderson, NV |
2 |
Washington Mutual Bank
Medford, OR |
1 |
Wells Fargo Bank
Carlsbad, CA |
2 |
Wells Fargo Bank
Sioux Falls, SD |
2 |
Tips for Getting a Business Loan in Coronado
Prior to contacting banks to get 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, describe what the money will finance, and show how you plan to pay the money back to the bank.
Having a business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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. Prior to visiting local banks, 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 dedicated to providing advice to entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read Getting a Small Business Loan.
Business Loan Sources for Other Cities in California
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