Rancho Cucamonga, California Business Loan

Local Rancho Cucamonga Business Lenders

Without further adieu, here's our list of small business banks in Rancho Cucamonga.

Other Lending Resources for Rancho Cucamonga Businesses

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

Rancho Cucamonga Business Loan Advice

Prior to meeting with banks to get 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

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

If the business has few assets, you will likely be asked to pledge your personal assets, such as the equity in your home. The banks will look at your personal credit report 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is all about providing advice to small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read How Equity Dilution Works.