If you are looking for a small business loan and your business is based in Winton, California, we've assembled a list of local small business banks that you should contact.
SBA Lenders for Winton Businesses
This is a list of banks outside of Winton, California that have provided SBA loans to Winton businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Winton Businesses
As a prerequisite to contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.
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 intend to to pay the loan back to the bank.
A well-defined business plan is essential. If the capital 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 stocks and bonds that you might own or life insurance policies. 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 these banks 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
If you are new to our Gaebler.com site, you should know that we are dedicated to providing advice to entrepreneurs, and we have a
lot of information pertaining to to Raising
Money. To learn more, one article that might be of interest to you is How to Raise Money.
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