{"id":1765,"date":"2011-02-15T04:11:31","date_gmt":"2011-02-15T04:11:31","guid":{"rendered":"http:\/\/www.shanecampbellcfo.com\/?p=91"},"modified":"2023-10-05T21:10:15","modified_gmt":"2023-10-05T21:10:15","slug":"where-to-go-for-small-business-funding-in-petaluma","status":"publish","type":"post","link":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/","title":{"rendered":"Where to go for small business funding in Petaluma"},"content":{"rendered":"

I am sure you have heard – loans to small businesses are still very hard to come by. \u00a0The climate is improving, but still very challenged. Most bankers\u00a0tell me they still want to lend money, but only under the right circumstances, and only to the companies that have good management and have demonstrated past business success.\u00a0 So it can be done.\u00a0 But you\u00a0will need to have at least the following credentials before a banker will want to talk to you:<\/p>\n

    \n
  1. To have been in business for a minimum of five years,<\/li>\n
  2. Profitable for the last two or three,<\/li>\n
  3. Have a Dunn & Bradstreet Paydex credit score of at least 75,<\/li>\n
  4. Accurate\u00a0financial statements,<\/li>\n
  5. Currently filed income tax returns<\/li>\n
  6. Projections that demonstrate why you need the loan as well as your ability to repay the loan(s)<\/li>\n
  7. Copies of a multitude of documents including articles of incorporation or the LLC operating agreement, business license, commercial real estate lease agreement, key employee agreements, franchise agreement (if applicable), key vendor agreements (if applicable) and countless other documents.\u00a0 It\u2019s a good idea to digitize this information now so you can send it electronically as needed.<\/li>\n<\/ol>\n

    If you already have a lending relationship with your present bank, that is the first and best option for renewing your current loan or getting additional financing.\u00a0 If you have\u00a0only a deposit relationship with a bank, that is still your first and best option, as they have familiarity with you.<\/p>\n

    That said, here are the banks that made the most loans to small business (under $1 million) in California in 2010 according to the Orange County Register (http:\/\/jan.ocregister.com\/2011\/02\/11\/which-banks-made-most-calif-small-biz-loans\/54624\/<\/a>):<\/p>\n

      \n
    1. Bank of the West, San Francisco, 22,102<\/li>\n
    2. Union Bank, San Francisco, 17,975<\/li>\n
    3. California Bank & Trust, San Diego, 9,688<\/li>\n
    4. East West Bank, Pasadena, 6,379<\/li>\n
    5. Pacific Capital Bank, Santa Barbara, 5,546<\/li>\n
    6. Rabobank, El Centro, 5,290<\/li>\n
    7. Silicon Valley Bank, Santa Clara, 4,986<\/li>\n
    8. Westamerica Bank, 4,794<\/li>\n
    9. Citizens Business Bank, Ontario, 4,278<\/li>\n
    10. City National Bank, Beverly Hills, 4,121<\/li>\n<\/ol>\n

      However, the above results can be skewed to the benefit of larger banks since small local banks could not possibly put up the same numbers.\u00a0 The local bank are sometimes more tied to the communities they serve, often know the local business owners first-hand, and have a vested interest in making loans to good local businesses<\/a>.\u00a0 I personally have recommended clients, with good success, to Bank of Marin<\/a> (contact Dan Ancheta<\/a>), and Summit State Bank<\/a> (contact Wayne Hoffer<\/a>).<\/p>\n

      The best advice is to stay right where you are for now if you have a lending relationship that is working.\u00a0 If you need a new loan, or additional financing, start with the people you know \u2013 your present bank.\u00a0 If you are presently not \u201cbankable\u201d because your financial house is not in order (see above), then you have some work to do.\u00a0\u00a0As always,\u00a0B2B CFO\u00ae<\/sup><\/a>\u00a0is here to help.<\/p>\n","protected":false},"excerpt":{"rendered":"

      “Most bankers tell me they still want to lend money, but only under the right circumstances, and only to the companies that have good management and have demonstrated past business success.”<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","cybocfi_hide_featured_image":"","footnotes":""},"categories":[16],"tags":[39,38],"class_list":["post-1765","post","type-post","status-publish","format-standard","hentry","category-shanes-really-deep-insights","tag-banking","tag-small-business-loan"],"acf":[],"yoast_head":"\nWhere to go for small business funding in Petaluma | CFO Services | B2B CFO<\/title>\n<meta name=\"description\" content=\"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Where to go for small business funding in Petaluma | CFO Services | B2B CFO\" \/>\n<meta property=\"og:description\" content=\"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/\" \/>\n<meta property=\"og:site_name\" content=\"Shane Campbell\" \/>\n<meta property=\"article:published_time\" content=\"2011-02-15T04:11:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T21:10:15+00:00\" \/>\n<meta name=\"author\" content=\"Shane Campbell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shane Campbell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/\"},\"author\":{\"name\":\"Shane Campbell\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\"},\"headline\":\"Where to go for small business funding in Petaluma\",\"datePublished\":\"2011-02-15T04:11:31+00:00\",\"dateModified\":\"2023-10-05T21:10:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/\"},\"wordCount\":476,\"keywords\":[\"banking\",\"small business loan\"],\"articleSection\":[\"Shane's really deep insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/\",\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/\",\"name\":\"Where to go for small business funding in Petaluma | CFO Services | B2B CFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#website\"},\"datePublished\":\"2011-02-15T04:11:31+00:00\",\"dateModified\":\"2023-10-05T21:10:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\"},\"description\":\"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-business-funding-petaluma\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Where to go for small business funding in Petaluma\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#website\",\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/\",\"name\":\"Shane Campbell\",\"description\":\"B2B CFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\",\"name\":\"Shane Campbell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"caption\":\"Shane Campbell\"},\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/author\\\/shane\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Where to go for small business funding in Petaluma | CFO Services | B2B CFO","description":"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/","og_locale":"en_US","og_type":"article","og_title":"Where to go for small business funding in Petaluma | CFO Services | B2B CFO","og_description":"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.","og_url":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/","og_site_name":"Shane Campbell","article_published_time":"2011-02-15T04:11:31+00:00","article_modified_time":"2023-10-05T21:10:15+00:00","author":"Shane Campbell","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shane Campbell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/#article","isPartOf":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/"},"author":{"name":"Shane Campbell","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653"},"headline":"Where to go for small business funding in Petaluma","datePublished":"2011-02-15T04:11:31+00:00","dateModified":"2023-10-05T21:10:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/"},"wordCount":476,"keywords":["banking","small business loan"],"articleSection":["Shane's really deep insights"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/","url":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/","name":"Where to go for small business funding in Petaluma | CFO Services | B2B CFO","isPartOf":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#website"},"datePublished":"2011-02-15T04:11:31+00:00","dateModified":"2023-10-05T21:10:15+00:00","author":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653"},"description":"You\u00a0will need to have at least the following credentials before a banker will want to talk to you.","breadcrumb":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-business-funding-petaluma\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.b2bcfo.com\/shane-campbell\/"},{"@type":"ListItem","position":2,"name":"Where to go for small business funding in Petaluma"}]},{"@type":"WebSite","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#website","url":"https:\/\/www.b2bcfo.com\/shane-campbell\/","name":"Shane Campbell","description":"B2B CFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.b2bcfo.com\/shane-campbell\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653","name":"Shane Campbell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","caption":"Shane Campbell"},"url":"https:\/\/www.b2bcfo.com\/shane-campbell\/author\/shane\/"}]}},"_links":{"self":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts\/1765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/comments?post=1765"}],"version-history":[{"count":1,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts\/1765\/revisions"}],"predecessor-version":[{"id":12302,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts\/1765\/revisions\/12302"}],"wp:attachment":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/media?parent=1765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/categories?post=1765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/tags?post=1765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}