If you are looking for a small business loan and your business is based in Wasco, California, we've assembled a list of local small business banks that you should contact.
Local Wasco Lending Resources
Without further adieu, here's our list of small business banks in Wasco.
Small Business Bank |
Recent SBA Loans |
Bank Of America |
|
SBA Lenders for Wasco Businesses
This is a list of banks outside of Wasco, California that have provided SBA loans to Wasco businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank - America California
Rancho Cordova, CA |
1 |
Bank Of America
Charlotte, NC |
2 |
Bank Of The Sierra
Porterville, CA |
2 |
Coast Comm. Bank A Division -
Santa Cruz, CA |
1 |
Coast National Bank
San Luis Obispo, CA |
1 |
Excel National Bank
Beverly Hills, CA |
1 |
Heritage Bank Of Commerce
San Jose, CA |
2 |
Union Bank Of California
San Francisco, CA |
2 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Wells Fargo Bank
San Jose, CA |
1 |
Wasco Bank Loan Tips
As a prerequisite to meeting with lenders to discuss getting a bank 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, define how the money will be used, and show how you plan to pay the loan back to the lender.
Having a business plan is an important prerequisite. If the capital 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 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, 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 look at your personal credit report 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 meeting with the banker, you may want to read up on 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.
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