Small business assistance

Small Business Loans in Southern California

Small Business Assistance Tool

Use this helpful online tool to find assistance for starting, growing and accelerating your business.

get assistance

Looking for Grants?

Business Grants

SBA Offers Disaster Assistance to California Businesses and Residents Affected by Tropical Storm Hilary

Disaster relief is available. The Small Business Administration (SBA) provides low-interest disaster loans to businesses, nonprofits, homeowners, and renters in areas impacted by federally declared disasters. The SBA also offers working capital loans to eligible small businesses and nonprofits to help overcome economic losses due to a declared disaster. Contact the SBA to learn more and apply.

The disaster declaration makes SBA assistance available in Imperial, Orange, Riverside, San Bernardino, and San Diego counties in California; La Paz County in Arizona.

MicroLenders Provide Funds for Southern California Businesses

Microlending is a powerful tool that enables small business owners to turn their dreams into reality by providing small, yet impactful loans of $50,000 or less. Unlike traditional lenders, microlenders are nonprofit organizations that prioritize helping those from low and moderate-income backgrounds. With flexible loan qualification criteria, microlenders are eager to help entrepreneurs start or grow their businesses, paving the way for a brighter future.

  • Accessity

    Learn about funding solutions to meet your small business loan needs. Visit Accessity’s website to gain more information about the variety of loans they offer.

    Browse Accessity's Loan Options
  • AmPac Business Capital

    AmPac Business Capital makes access to business capital as easy as ABC. Learn about their small business loans for all stages of growth. 

    Check Out AmPac's Programs
  • accion opportunity fund

    Accion Opportunity Fund provides business loans to small business owners. They support the resilience of hard-working entrepreneurs. The loan terms are transparent, and the loans are easy to get, fast, and affordable.

    Look for Funds
  • CDC Small Business Finance

    CDC Small Business Finance is offering financial programs, resources, and webinars. Find CDC Small Business Finance’s most up to date information here.

    Find Loan Relief Options
WHAT DO I NEED TO DO TO PREPARE FOR A SMALL BUSINESS LOAN?

Great Advice From Our Micro-Lenders

  • Be prepared to justify your income and expense projections; be able to show that the income is based on X number of units or services sold over a period of time for each month, i.e. you are open 300 hours a month and expect to sell an average of 20 units every hour with an average price of $10.00. What are the costs based on? Include details such as hours of opening, cost of raw materials, rate of pay?

  • If you are a new business, expect to show you have funds to contribute to the project and support your personal income needs.

  • Check your personal credit score, use an online service to be sure there are no surprises. Pay down revolving debt to 30% or below the maximum allowed to maximize our credit score presentation.

  • Have your accountant look over your internal bookkeeping to be sure it is correct.

- Stacey Sanchez, Senior Community Loan Officer for CDC Small Business Finance
  • Monitor your personal credit by paying bills on time, not having more than 3 inquiries in 6 months, and keeping credit card utilization at 30% or below. Lenders require a personal guaranty and your personal credit is important to be eligible for a loan.

  • Save money before your start your business so you can show you have capital to invest if needed. Lenders don’t like to take 100% of the risk, they want to know you have “skin in the game.” Carry a cash reserve so you can use your money to get more money.

  • Keep good records for your business transactions using an accounting software like QuickBooks so you can print a Balance Sheet and Income Statement when you need it. Also, understanding what happened earlier, can help you forecast for the future and prepare for it. If you foresee that you will need funds during the holiday season, you can start the process now and not when your funds are depleted.

  • If you are a startup, draft a business plan to include a description of the business, your experience & knowledge of the industry, a detail of the business capital needs, a marketing plan, and the financial projections. Some lenders require a business plan for young businesses as well.

  • File your taxes timely, most lenders will ask for 2 most recent tax returns (personal and business) and might reject your application if you have not filed them.

Rosalinda Delgado, Business, Development Manager for Accessity San Diego

Be Cautious When Searching The Web for Small Business Loans

At some point you’ll seek a business loan, to take on a new contract, hire employees, or finance an expansion to a new location. Whatever you do, be on the lookout for bad lenders. Online predators make huge profits from unwary borrowers anxious to get started with their business and reluctant to take the right steps to get a good loan.

Trust worthy lenders will need to see you have a good history of repaying your loans (credit score) and reporting your income (tax returns.

  • The Best Loans for a Small Business Startup in California

    Securing small business loans in California can be challenging when you want to start or grow your business.  Welcome to…

    Small business owner in California on a tablet looking for the best loan for starting her business
  • 8 Types of Small Business Loans for Growth–with Comparison Chart

    Ever wondered how businesses manage to kickstart their dreams, take flight, and soar toward success? It's like watching a bird…

    a woman applying for small business loan on her laptop
  • Essential Small Business Resources for SoCal Success

    Welcome to your go-to guide for small business resources. We'll journey together through various topics, from developing an unbeatable business…

CONNECT TO SMALL BUSINESS ASSISTANCE

Not Finding The Information You Need on Business Loans?

Our powerful tool allows you to connect to local organizations and resources that can help your individual business. Provide information about your business and what you’re looking for and let the tool find you a connection.

GET ASSISTANCE