Small Business Lenders in Palos Verdes Estates, California

Local Palos Verdes Estates Banks

Without further adieu, here's our list of small business banks in Palos Verdes Estates.

Banks that Lend to Palos Verdes Estates Businesses

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

Business Loan Advice for Palos Verdes Estates Businesses

Prior to contacting banks to discuss getting a bank loan, you will need to have a specific plan.

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 your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to 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 the banks in our list are SBA lenders. 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.

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