Credit SimplicityGuides
Business loan guides for California companies
Plain-English guides to bank business financing: term loans, lines of credit, SBA 7(a), equipment, owner-occupied real estate, DSCR, loan documents and credit memos. Written by Credit Simplicity, a C&I business loan advisor in Orange County.
How to get a business term loan in California
Step-by-step guide to getting a bank business term loan in California: eligibility, documents, DSCR, collateral, timelines, and how to compare term sheets.
Read the guide →Business line of credit: what banks require
What banks require for a business line of credit: revenue, cash flow, borrowing base, collateral, covenants, annual renewal and the documents to prepare.
Read the guide →SBA 7(a) vs. conventional bank loan
Compare SBA 7(a) loans and conventional bank loans: eligibility, down payment, terms, guarantees, fees, timelines and when each makes sense.
Read the guide →Equipment financing for California businesses
How equipment financing works for California businesses: bank equipment loans vs. leases, down payments, terms, documents, and how to compare offers.
Read the guide →Owner-occupied commercial real estate loans
How owner-occupied commercial real estate loans work: occupancy rules, down payments, LTV, DSCR, SBA 504 and 7(a) options, appraisals and documents.
Read the guide →What is DSCR and how do banks calculate it?
DSCR explained: the formula banks use for debt service coverage, a worked example, typical minimums, global DSCR, add-backs and how to improve your ratio.
Read the guide →Documents banks ask for in a C&I loan (checklist)
Complete checklist of documents banks ask for on a commercial and industrial (C&I) loan: tax returns, financials, agings, debt schedule, PFS, entity docs and more.
Read the guide →What a credit memo is and what goes in it
What a bank credit memo is, who writes it, and what goes in it: loan request, sources of repayment, financial analysis, collateral, guarantors, risks and covenants.
Read the guide →California's IBank Small Business Loan Guarantee Program
How California's IBank Small Business Loan Guarantee Program works: up to 80% or $5M guarantees, eligible uses, FDCs, fees, CalCAP Collateral Support and SBA 7(a) compared.
Read the guide →Have a question not covered here? See our FAQ or text (949) 620-5278.
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