If you are hoping to get a small business loan and your business is based in Tehama, California, we've assembled a list of local small business banks that you should contact.
Business Loan Providers for Tehama Businesses
This is a list of banks outside of Tehama, California that have provided SBA loans to Tehama businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Umpqua Bank
Roseburg, OR |
1 |
Business Loan Advice for Tehama Businesses
Before contacting banks for a 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.
A well-defined business plan is is critically important. If the bank 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 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 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 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 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
Take the time to learn as much as you can about Raising
Money. To get started, we recommend you read
Business Credit Evaluation.
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