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December 24, 2024  
 
 
  Business Loan Information  
 

Pacific Palisades, California Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Pacific Palisades, California who are interested in getting debt financing.

Local Pacific Palisades Banks

To help you learn more about local small business lenders, here's our list of small business banks in Pacific Palisades.

Small Business Bank Recent SBA Loans
Affinity Bank  
Bank Of America  

Other Lending Resources for Pacific Palisades Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
7
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
1
East West Bank
Tarzana, CA
1
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
4
Newtek Small Business Finance Inc.
New York, NY
1
Pacific City Bank
Los Angeles, CA
1
Pacific Western Bank
Rancho Santa Fe, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
2

Pacific Palisades Business Loan Advice

Before reaching out to lenders for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Having a business plan is essential. If the money 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. 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.

Gaebler.com Advice on Raising Money

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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