Small Business Lenders in San Carlos, California

Local San Carlos Business Loan Sources

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

Banks that Lend to San Carlos Businesses

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

Business Loan Advice for San Carlos Businesses

Prior to reaching out to lenders 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 lender.

Being able to present a well-written business plan is is critically important. If the money is to for an existing 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 are SBA lenders. 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

Our Gaebler.com site is devoted to helping entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read Angel Investors.