Due to state regulation, California’s small business loans are open and straightforward to apply for and manage. SB 1235, signed into law in California, imposes transparency requirements for small business lending consistent with federal consumer lending regulations.
Suppose you’re a California small company owner applying for a loan. In that case, you may rest comfortably knowing you have access to the complete picture, even if your counterparts in other states applying to the same lenders may not.
Finding California-specific small business loans online could increase the openness and accountability of the state’s funding system. California offers the country’s best small business loan rates and terms.
Businesses can get funding from traditional banks, community lending institutions, online lenders, and crowdfunding platforms. Whether you’re looking to expand your business, finance a new startup, or pay off existing debt, plenty of options can help you achieve your goals.
ElitePersonalFinance has the most significant financial marketplace in California, with hundreds of lenders and options. Whether you’re looking for a traditional bank loan, an online lender, or a community lending institution, we can help you find the best options for your needs.
With our easy-to-use comparison tool, you can quickly and securely find the best small business loans that match your needs. Enter some basic details about your business, and we’ll do the hard work!
We know that navigating the complex world of small business loans can seem overwhelming. That’s why our team is dedicated to providing you with the best information and guidance possible. Our experts have years of experience in the lending industry and know precisely what it takes to secure funding for a successful small business.
So, if you’re looking for a best-in-class small business loan to help you grow and succeed, look no further than ElitePersonalFinance. With our expert guidance, you’ll be well on your way to reaching your financial goals in no time!
In addition, we only work with reputable lenders who offer competitive rates and terms. When you use our services, you can trust that you are getting the best deal possible on your small business loan.
You can get a small business loan from a traditional bank, an online lender, a community lending institution, or a crowdfunding platform in California. Whether you’re looking to expand your business, finance a new startup, or pay off existing debt, plenty of options can help you achieve your goals.
The best small business loan lenders in CA offer between $2,000 and $6.5 Million, depending on your business needs and credit score.
The best small business loans in California cost between 3.99% and 79.80% APR, depending on your credit score, the lender you choose, and other factors.
The best SBA loan lenders in California offer repayment terms ranging from 2 to 7 years and flexible credit requirements.
To qualify for the best SBA loans in California, you’ll need a credit score of at least 600 and an established business with solid revenue.
Lender: | Loan Amount: | APR: | Term | Min. Credit Score: | Best For: |
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PNC Bank | Unsecured- ($20,000 – $100,000) Secured – ($100,001 – $3 Million) | Either a fixed rate or a rate that can change over time. | 2 – 7 years | 720 | Line of credit loans |
Wells Fargo SBA Loans | Up to $6,500,000 | Prime + 1.75% and up | 2 – 7 Years | 700 | Established businesses with solid credit |
Kabbage | $2,000 – $250,000 | 2% — 27% | 6, 12, or 18 months. | 640 | Businesses with low revenue (a minimum of $3,000 monthly) |
Blue Vine | $5,000 – $250,000 | 6.2% – 50.00% | 6 or 12 months | 625 | Quick funding |
Credibility Capital | Up to $500,000 | 9.49% – 15.49% | Up to 5 years | 650 | Established businesses |
Fundbox | Up to $150,000 | 10.10-79.80% | 12 – 24 weeks | 600 | Borrowers with bad credit |
TAB Bank | Up to $350,000 | 8.99% – 35.99% | Up to 5 years | 650 | Bank small-business loans |
Loan Amount: | Unsecured- ($20,000 – $100,000) Secured – ($100,001 – $3 Million) |
APR: | Either a fixed rate or a rate that can change over time. |
Min. Credit Score: | 720 |
Approval: | Same day |
Terms: | 2 – 7 years |
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Best For: | Line of credit loans |
CHECK RATES |
PNC Bank is of the best small business loan lenders in California because they offer competitive rates of APR and customizable terms, regardless of the amount you need to borrow. Plus, they provide convenient online application processes and fast approval times, so you can get your loan quickly and focus on growing your business.
Additionally, the Small Business Administration has partnered with PNC to provide financing. This way, the company can provide borrowers with an alternative to its bank products through Small Business Administration loans. SBA 7a loans, SBA 504 loans, SBA Express, and SBA Export Express are available through PNC.
PNC Bank’s unsecured SBA loans start at $20,000 up to $100,000, with APRs of up to 14.69%. If you need a secured option, you can borrow between $100,001 and $3 million, with a fixed rate of 4.74% and 14.69%.
To be eligible for a PNC Bank SBA loan, you’ll need a minimum credit score of 720 and at least three years of business experience.
PNC SBA loans stand out because of their fast and convenient approval process makes them stand out. You can submit your application online through their easy-to-use portal, and you’ll get a decision within the same day.
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The Impact of Covid-19:
Borrowers affected by the pandemic can apply for a hardship program to qualify for a loan modification. PNC Bank is committed to supporting businesses during these difficult times and will work with you to find the best solution for your needs. So if you need specific help in California, contact PNC Bank at 855-288-3974.