We wrote this article for entrepreneurs in San Pedro, California who are interested in getting a small business loan.
Local San Pedro Business Loan Sources
Without further adieu, here's our list of small business banks in San Pedro.
Small Business Bank |
Recent SBA Loans |
Bank of America |
|
Bay Cities National Bank |
|
Business Loan Providers for San Pedro Businesses
This is a list of banks outside of San Pedro, California that have provided SBA loans to San Pedro businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Alliance Bank
Culver City, CA |
1 |
Banco Popular North America
New York City, NY |
2 |
Bank - America California
Rancho Cordova, CA |
1 |
Bank Of America
Charlotte, NC |
13 |
Bank Of Hawaii
Honolulu, HI |
1 |
Bay Cities National Bank
Redondo Beach, CA |
2 |
Beach Business Bank
Manhattan Beach, CA |
1 |
Capital One
Mclean, VA |
4 |
Cathay Bank
Los Angeles, CA |
1 |
Center Bank
Los Angeles, CA |
3 |
Cit Small Business Lending Corp
Livingston, NJ |
1 |
Citibank
Las Vegas, NV |
1 |
Citibank
San Francisco, CA |
2 |
Comerica Bank
Dallas, TX |
2 |
Community Bank
Pasadena, CA |
1 |
East West Bank
Pasadena, CA |
3 |
East West Bank
Tarzana, CA |
1 |
Far East National Bank
Los Angeles, CA |
1 |
Gbc International Bank
Monterey Park, CA |
2 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
1 |
Hanmi Bank
Los Angeles, CA |
7 |
Innovative Bank
Oakland, CA |
7 |
Internatl City Bank
Long Beach, CA |
1 |
Merchants Bank - California Natl
Carson, CA |
1 |
Mirae Bank
Los Angeles, CA |
1 |
Nara Bank
Los Angeles, CA |
2 |
Pacific Cap. Bank
Santa Barbara, CA |
2 |
Pacific City Bank
Los Angeles, CA |
1 |
Pacific Western Bank
Glendora, CA |
1 |
Pacific Western Bank
Rosemead, CA |
1 |
Telesis Community Cu
Chatsworth, CA |
1 |
Temecula Valley Bank
Temecula, CA |
1 |
U.S. Bank National Association
Cincinnati, OH |
6 |
United Commercial Bank
Rosemead, CA |
1 |
United Commercial Bank
San Francisco, CA |
1 |
Uniti Bank
Buena Park, CA |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Washington Mutual Bank
Henderson, NV |
4 |
Wells Fargo Bank
San Jose, CA |
8 |
Wells Fargo Bank
Sioux Falls, SD |
2 |
Wilshire State Bank
Los Angeles, CA |
6 |
Zions First National Bank
West Valley City, UT |
1 |
Tips for Getting a Business Loan in San Pedro
Before contacting lenders to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.
A well-defined business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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 to guarantee the loan with 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 are SBA lenders. 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 helping small business owners, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read Getting a Small Business Loan.
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