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December 24, 2024  
 
 
  Business Loan Information  
 

Business Loan Ducor, California

 
Loan Census SBA Loan Info

Raising money in Ducor, California? If so, you'll want to talk to some of these small business lenders in Ducor.

These materials were prepared for small business proprietors in Ducor, California who are interested in getting a bank loan.

SBA Lenders for Ducor Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The Sierra
Porterville, CA
5
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Ducor

As a prerequisite to contacting 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the financing is to for an existing business, 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, the bank may ask you to to secure the business 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 meeting with the banker, you may want to do your homework 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

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in California
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