Santa Barbara, California Small Business Loans

Small business loans in Santa Barbara, California are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Santa Barbara, California, we've assembled a list of local small business banks that you should contact.

Local Santa Barbara Business Loan Sources

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

Small Business Bank	Recent SBA Loans
Bank Of America
Bank of the West
Business First National Bank
Montecito Bank & Trust	135
Pacific Cap. Bank	656

Business Loan Providers for Santa Barbara Businesses

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

Small Business Bank	Recent SBA Loans
Alliance Bank Culver City, CA	1
Bank Of America Charlotte, NC	31
Borrego Springs Bank Borrego Springs, CA	1
Business Lenders, LLC Hartford, CT	1
California Oaks State Bank Thousand Oaks, CA	2
Capital One Mclean, VA	13
Capital One Bank (usa) Glen Allen, VA	1
Cit Small Business Lending Corp Livingston, NJ	4
Citibank Las Vegas, NV	2
Coast National Bank San Luis Obispo, CA	2
Comerica Bank Dallas, TX	2
Commonwealth Business Bank Los Angeles, CA	2
Community W. Bank Goleta, CA	14
First Bank Huntington Beach, CA	1
Hanmi Bank Los Angeles, CA	6
Innovative Bank Oakland, CA	3
Merrill Lynch Bank Usa Salt Lake City, UT	2
Mission Community Bank San Luis Obispo, CA	1
Nara Bank Los Angeles, CA	2
Pacific City Bank Los Angeles, CA	1
Premier America Cu Chatsworth, CA	1
Rabobank, National Association Arroyo Grande, CA	17
Saehan Bank Los Angeles, CA	2
South Valley National Bank A Divis Gilroy, CA	7
Wachovia SBA Lending, Inc. Roseville, CA	1
Washington Mutual Bank Henderson, NV	4
Wells Fargo Bank San Jose, CA	13
Wells Fargo Bank Sioux Falls, SD	4
Wilshire State Bank Los Angeles, CA	1

Santa Barbara Bank Loan Tips

As a prerequisite to 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Having a business plan is essential. If the loan is to for a going concern, 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 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 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 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 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

Gaebler.com is a site that is passionate about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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