Banks making SBA loans
Which banks are making SBA loans in Northern California?
Are you looking for a SBA loan for your business and want to know what banks are lending in Northern California?
If you read the business news or have recently tried to get a SBA loan for your business you will hear that the banks are beginning to lend more to small business. However, the reality is that lending is still tight as the main reason is the regulators are making sure the SBA loans the banks approve meet the tight underwriting standards.
In mid June I was at a SBA Regional meeting in Citrus Heights, CA and it was announced that the SBA expected to get an increase in funds to lend to small business in their next financial year. This is great news as the reason that Congress is increasing the funds for the SBA to lend is that they recognize small businesses will be the catalyst for job growth so if they can borrow money they will bring down unemployment. The other reason is that we have the elections coming up in November so the politicians want to be seen to be doing something.
Do you need to borrow money for your small business?
Do you want to know who is lending?
The following link will take you to a PDF that shows Which banks are making SBA loans in Northern California so you can give them a call and see if they can help you out.