Business Loans in California
Discover the different alternative funding options that you have at your disposal to kickstart your business in California at affordable rates and on flexible terms of repayment. Explore California loans for small businesses that offer flexible terms and competitive rates.
Looking for business loans in California? Factors like your business plan, time in operation, cash flow, credit score, and operational history often determine your ability to secure funding. Securing small business loans in California can be challenging, especially when working with traditional lenders like banks.
Alternative financing is often a smarter and more accessible choice. Let’s explore the alternative loan options available for small businesses in California.
How Do You Finance a Small Business in California?
The California Office of the Small Business Advocate (CalOSBA) offers grants to support SMEs. However, these programs are often seasonal and subject to change, making it uncertain whether you’ll find a grant that meets your immediate needs.
Applying for a business loan from a local bank is an option, but the approval process can be complex and time-consuming. Meeting a bank’s underwriting criteria for California business loans may be especially difficult if you’re starting a new business without an established financial history.
So, how can you finance a small business in California? Consider online loans.
Alternative lenders specialize in offering fast and easy working capital loans to SMEs in as little as 24 hours at lower interest rates than commercial institutions. It’s a reliable source of small business funding in California that boasts a 4.7-star rating on Trustpilot. With a customer-first approach to California small business loans, Greenbox Capital offers a variety of services.
Types of Small Business Loans in California
You can access the following business financing solutions to fund your SME:
Small Business Loan
You can apply for a short-term loan for smaller amounts to secure the working capital needed to grow or upgrade your business. Even if your credit score isn’t ideal, your eligibility is evaluated based on:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public record
Our small business loans in California range from $3,000 to $500,000, tailored to your specific needs. These loans come in various forms, including equipment loans—an excellent option if you need capital to purchase equipment that offers a strong return on investment (ROI).
Merchant Cash Advance (MCA)
A Merchant Cash Advance in California provides businesses with a specified amount of working capital in exchange for a pre-determined percentage of future credit card sales. This means you receive the funds upfront and repay them incrementally with each sale. MCAs are generally easier to qualify for compared to secured or unsecured loans.
If your business generates a minimum of $7,500 in sales over a three to four-month period, you may be eligible for a business cash advance.
Business Line of Credit
A Business Line of Credit provides access to funds over a specified period without the restrictions or underwriting requirements of a term loan. You can withdraw as much as you need, as often as necessary, and repay in flexible installments—provided you stay within your credit limit.
Interest is charged only on the amount you withdraw.
Whether you’re purchasing bulk inventory for peak sales seasons or expanding your business through mergers and acquisitions, a business line of credit offers versatile financial support for a wide range of needs.
Collateral Loans
We provide secured collateral loans using commercial real estate or property you own as collateral. With financing of up to $250,000, you can scale your business while keeping your primary residence protected, as we do not accept it as collateral.
If you’re seeking reliable collateral business loans in Los Angeles, contact us today to explore your options.
Bad Credit Business Loans
As the name implies, bad credit small business loans in California are designed specifically for SMEs with poor credit histories. These loans are a viable option for businesses with less-than-ideal credit scores. The repayment terms and eligibility criteria are far more relaxed than the other CA small business loans discussed above.
That said, a bad credit business loan may be the best option if your credit score and cash flow history make other financing options inaccessible.
Industries Eligible for Business Loans in California
You can apply for an online loan if you are a:
- Accounting Firm
- Attorney
- Auto Dealer
- Auto Repair Shop
- Beauty Salon
- Cleaning Business
- Construction Company
- Convenience Store
- Daycare
- Dental Practice
- Dry Cleaner
- Gas Station
- Home Healthcare Agency
- Manufacturer
- Medical Practioner
- Pharmacy
- Pool Construction Company
- Restaurant
- Retail Store
- Security Services
- Staffing Services
- Veterinarian
Types of SMEs That Can Avail California Small Business Loans
Apart from high-risk industries, we specialize in working with:
- Women-owned Businesses: Women-owned businesses in California have access to various small business loan options, including Merchant Cash Advances (MCAs), Business Lines of Credit, Invoice Factoring, and Collateral Loans. Loan amounts range from $3,000 to $500,000, providing flexible and tailored funding solutions.
- Minority-owned Businesses: Minority-owned businesses, where one or more individuals from a minority community own, operate, or control at least 51% of the business, are eligible for minority business loans. Eligible communities include Asian-Indians, Asian-Pacifics, Blacks, Hispanics, and Native Americans.
- Veteran-owned Businesses: Government-backed cash rewards and grants often require extensive paperwork and long processing times. In contrast, veteran-owned businesses can secure working capital loans within just 24 hours, providing quick and efficient funding solutions.
- Low Credit Businesses: SMEs with poor or no credit history can still qualify for business loans if they meet key criteria, such as sufficient cash flow, positive vendor payment history, and consistent monthly sales.
- Brokers: Independent brokers, brokerage firms, and even brokers affiliated with other funding companies can partner with Greenbox Capital to access easy loans for business growth and earn commissions.
Minimum Requirements for Business Funding in CA
If you are based in California, you need to tick the following boxes to be eligible for commercial loans.
| Minimum Revenue | $10,000 / month |
| Length in Business | 5 months or more |
| Ownership % | Minimum of 51% Ownership |
| Personal Credit | US FICO 500+ |
How to Get a Business Loan in California
You can apply for a California business loan in a few easy steps:
- 1
Fill Out the Application Form
Complete the initial application form by clicking here or submitting your details on the website.
- 2
Send Your Submission
After your dedicated Funding Advisor finalizes your loan type and amount, email your details to submissions@greenboxcapital.com.
Include your business’s legal name in the subject line and attach your signed application along with bank statements for the past four months. - 3
Confirm Your Repayment
You’ll receive a confirmation email, and funding will be deposited into your account within 24 hours. Review and confirm the repayment terms, and you’ll be ready to start using your capital.
Your dedicated Funding Advisor and underwriter will guide you through the process and help you decide the loan terms beneficial to your business.
Benefits of Business Funding in CA
We are the alternative financier to consider for a business loan in CA because:
- A dedicated Funding Advisor and underwriter will guide you through the process of securing small business loans in San Diego and other California cities.
- You can access a variety of business loans in California regardless of your credit history.
- Loan amounts are deposited into your account within 24 hours of approval.
- Enjoy early payoff discounts of up to 2.5 factor points if you pay within 75% of your loan term.
- Qualify for loans up to $200,000 even without a tax return.
Ready to take the next step? Fund your business today!
Case Studies: Successful Business Loans in California
| Company Type | Loan Type | Funded | Loan Term | Loan Benefits |
|---|---|---|---|---|
| Law Business, Los Angeles | Business Line of Credit | $40,000 | 24 months | The business used the loan amount to hire interns to ease the workload of its full-time |
| Restaurant Business, San Diego | Merchant Cash Advance | $80,000 | 12 months | The restaurant used the loan amount to purchase fresh inventory during lean business months. |
| Medical Practice, San Francisco | Small Business Loan | $100,000 | 36 months | The medical center used the loan amount to purchase and install state-of-the-art machinery to facilitate better diagnoses. |
| Dental Practice, San Jose | Business Line of Credit | $65,000 | 18 months | The dental center used the loan amount to renovate its client waiting area to upgrade their service experience. |
FAQs about Small Business Loans in California
What are the criteria for obtaining a small business loan in California?
Your eligibility for a California business loan is determined by several factors, including your cash flow, time in business, vendor payment history, and other financial metrics.
How to get small business funding in Los Angeles, CA?
Skip the lengthy paperwork and extended approval timelines by choosing us for fast and straightforward small business funding in Los Angeles.
Can I get a loan for my business in San Diego, CA?
Yes, businesses in San Diego are eligible for funding through us.
Can I get a bad credit business loan in San Francisco, CA?
Yes, you can. To qualify for a bad credit business loan in San Francisco, your business should demonstrate stable cash flow, a positive vendor repayment history, growth potential, and a reliable business plan.
How fast can I get a business loan in LA?
If you qualify, your loan amount can be deposited into your account within 24 hours.
Where to Get Business Funding in California
- Los Angeles
- San Diego
- San Jose
- San Francisco
- Fresno
- Sacramento
- Long Beach
- Oakland
- Bakersfield
- Anaheim
- Stockton
- Riverside
- Irvine
- Santa Ana
- Chula Vista
- Fremont
- Santa Clarita
- San Bernardino
- Modesto
- Fontana
- Moreno Valley
- Oxnard
- Huntington Beach
- Glendale
- Ontario
- Elk Grove
- Santa Rosa
- Rancho Cucamonga
- Oceanside
- Garden Grove
- Lancaster
- Roseville
- Palmdale
- Corona
- Salinas
- Hayward
- Sunnyvale
- Escondido
- Pomona
- Visalia
- Fullerton
- Torrance
- Victorville
- Orange
- Pasadena
- Santa Clara
- Clovis
- Simi Valley
- Thousand Oaks
- Vallejo
- Concord
- Fairfield
- Berkeley
- Antioch
- Richmond
- Carlsbad
- Menifee
- Murrieta
- Temecula
- Santa Maria
- Ventura
- Downey
- Costa Mesa
- Jurupa Valley
- West Covina
- El Monte
- Rialto
- El Cajon
- Inglewood
- Burbank
- Vacaville
- San Mateo
- Chico
- Hesperia
- Daly City
- Vista
- Norwalk
- Tracy
- San Marcos
- Merced
- Chino
- Indio
- Redding
- Hemet
- Carson
- Manteca
- Compton
- Mission Viejo
- South Gate
- Santa Monica
- Westminster
- Santa Barbara
- Citrus Heights
- Lake Forest
- San Leandro
- San Ramon
- Folsom
- Whittier
- Hawthorne
- Livermore
