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Anyone know about business commercial loan in california? I am think of buying a retail business with land, and I need commercial loan, I can't seem to find a good lender. IF anyone know about a good lender in California will to finance me for $900,K, please do let me know. Thank You for your help! Also, I heard about grants for women starting business, if someone know about that?
By Posted on 03/11/10 Total Answers 2
Answers-
Go to a bank that specializes in SBA loans. They require the smallest down payment, 10%-25%. I would suggest going to a smaller local bank or a specially commercial bank. To get any type of business loan you will need squeaky clean credit. Often times the seller of the business will carry back a mortgage because getting a business loan is often difficult. Also consider looking for a commercial loan broker.
Answer by : Glenn S On Date 2010-03-11 08:51:10

There are no commercial grants. 900k is more then a small business loan. Wells Fargo is your best bet in CA for the loan, although you are going to have to put up some collateral to borrow that much.
Answer by : Landlord On Date 2010-03-14 16:16:45

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