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December 24, 2024  
 
 
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Small Business Lenders in Stratford, California

 
Loan Census SBA Loan Info

Getting a business loan in Stratford, California seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Stratford, California, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Stratford Businesses

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

Small Business Bank Recent SBA Loans
Comerica Bank
Dallas, TX
1

Business Loan Advice for Stratford Businesses

Prior to meeting with lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the bank loan 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 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Only Idiots Send Venture Capitalists Business Plans.

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