If you are looking for a small business loan and your business is based in El Cerrito, California, we've put together a list of local small business banks that you should contact.
Local El Cerrito Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in El Cerrito.
Small Business Bank |
Recent SBA Loans |
Bank Of America |
|
Business Loan Providers for El Cerrito Businesses
This is a list of banks outside of El Cerrito, California that have provided SBA loans to El Cerrito businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
4 |
Business Loan Center, LLC
Panama City Beach, FL |
1 |
California Bank & Trust
Sacramento, CA |
2 |
California Bank & Trust
San Diego, CA |
1 |
Cathay Bank
Los Angeles, CA |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
1 |
Citibank
Las Vegas, NV |
1 |
Citibank
San Francisco, CA |
3 |
Comerica Bank
Dallas, TX |
4 |
Cupertino National Bank A Division
Cupertino, CA |
1 |
Excel National Bank
Beverly Hills, CA |
1 |
First Bank
Creve Coeur, MO |
1 |
Greater Bay Bank
Palo Alto, CA |
1 |
Innovative Bank
Oakland, CA |
3 |
Nara Bank
Los Angeles, CA |
1 |
Small Business Loan Source LLC
Houston, TX |
1 |
Washington Mutual Bank
Henderson, NV |
1 |
Wells Fargo Bank
San Jose, CA |
6 |
El Cerrito Bank Loan Tips
Prior to contacting lenders 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.
Being able to present a well-written business plan is is critically important. If the bank loan 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 pledge 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 the banks in our list 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
Gaebler.com is a site that is all about providing advice to entrepreneurs, and we have a
lot of information pertaining to to Raising
Money. For example, we recommend you read 504 Loans.
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