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Small Business Loans in San Diego, CA

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Loan Overview

Loan Amount Up to $500,000
Estimated Repayment Terms 1-5 Years
Interest Rate Starting at 7%
Speed of Funding As fast as 1 day
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Small businesses in San Diego, California, are always competing for market share, whether startups or more veteran companies. 

To remain competitive, sometimes it’s necessary to update your space, replace outdated equipment or invest in a new product line, among other things.

However, finding the working capital to make changes to your business can be difficult when a budget is tied up in real estate, overhead or other assets. 

That’s when you might start looking into small business loans for your San Diego business. Here are a few area lenders and resources you can turn to.


San Diego’s Business Landscape

San Diego is a popular destination for tourists, both domestic and international. With such a large market, many small businesses inhabit San Diego and the Gaslamp District. There are thousands of restaurants, retailers, offices and business centers throughout San Diego County.

Additionally, some of the highest-paying jobs are in the innovation sector, including technology, aerospace and life science industries. Other sectors of employment in the area include pharmaceuticals, biomedical devices, manufacturing and clean technology.


5 Banks for Small Business Loans in San Diego

1. Bank of Southern California

Bank of Southern California is accredited by the Better Business Bureau (BBB), where it’s earned an A+ rating. It’s also received a 4.5-star rating on WalletHub.

If you’re in search of SBA loans in San Diego, you’ll find them here, as well as the following:

  • Letters of credit
  • Business credit cards
  • Business term loans
  • Business lines of credit
  • Commercial real estate loans
  • Commercial construction loans

2. U.S. Bank

Here’s another SBA lender in San Diego. U.S. Bank has earned a 4-star rating from more than 21,000 reviewers on WalletHub. It’s also garnered a spot on the site’s Best Banks in San Diego list and has an A+ rating from the BBB.

In addition to SBA loans, you’ll find these types of financing:

  • Business term loans
  • Business lines of credit
  • Equipment financing
  • Healthcare practice financing
  • McDonald’s franchise financing

3. Citizens Business Bank

If you operate out of the city of San Diego, a small business loan from this bank could prove helpful. Notably, it’s been in operation since the 1970s, and the bank’s holding company earned the top spot on Forbes’ America’s Best Banks list. 

Find the following small business loans here:

  • SBA loans
  • Term lending
  • Construction lending
  • Asset-based lending 
  • Agricultural lending
  • Revolving lines of credit
  • Commercial real estate lending 
  • Equipment financing and leasing
  • Dairy and livestock industry financing

4. Pacific Premier Bank

Pacific Premier was ranked No. 34 on Forbes’ best banks list. Head to the branch on West Broadway, where you’ll find the following business financing at this San Diego bank:

  • Business credit cards 
  • Lines of credit
  • Term loans
  • Single advance loans
  • Construction lending
  • Healthcare financing
  • Asset-based lending
  • Commercial real estate loans
  • Employee stock ownership plan financing

5. East West Bank

In operation for nearly half a century, East West Bank has earned spot No. 11 on Forbes’ list. It also has an A+ rating with the BBB and is an SBA lender in San Diego.

In addition to SBA loans, you’ll find these funding options:

  • Term loans
  • Lines of credits
  • Asset-based lending
  • Equipment leasing and financing
  • International trade financing
  • Commercial real estate financing

Alternative Small Business Funding in San Diego, CA

While you’re in search of San Diego business funding, you might automatically think of conventional lenders, such as the banks noted above. Traditionally, they’ve been the go-to for many borrowers. But the process to apply and receive funds can be challenging. Loan approval requirements, such as credit score, revenue, collateral and length of time in business, can be difficult for many small businesses to meet.

More and more, small business owners looking for swift access to capital are turning to alternative lenders. While payment terms are typically shorter than you’d find with conventional lenders and payments more frequent, thanks to streamlined application processes and more accessible approval parameters, many entrepreneurs qualify.

  • Applying for Alternative Financing Through Fast Capital 360

    When you’re in search of business funding, consider Fast Capital 360. Whether you need a merchant cash advance for your San Diego business or an SBA loan, we can help.

    Here’s how we’re different.

    Speed

    A few minutes is all it takes to apply. Once approved, you could receive your funding the next day. 

    Multiple Offers

    Because we partner with lenders throughout the country, your single application could return several financing offers.  

    Expert Guidance

    Review the details of your offers with your dedicated Business Advisor. Then choose the one that works best for you.

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Small Business Resources in San Diego

Now that you have a list of lenders you can turn for small business loans in San Diego, here are a few additional resources that could come in handy as you build your brand.

The City of San Diego

Head to the city’s government website, where you’ll find a hub of links to other resources in the state. Find information about vendor registries, tax rebates, business certification programs, mentorship opportunities and more. 

Also, find details about the City of San Diego’s small business loans, which provide up to 50% of funding for payroll, construction or equipment at an interest rate of 8%.

The San Diego & Imperial Women’s Business Center

If you’re seeking small business loans for women in San Diego, speak to one of this organization’s representatives, who can provide you with assistance accessing capital. 

Get individualized consulting for free on a variety of topics, such as starting a business, marketing, business planning, business strategy and more. 

You can also sign up for workshops and networking events. A 12-week business accelerator program designed for entrepreneurs looking to launch or scale their business is also available.

SCORE

This nationwide nonprofit is dedicated to the success of small businesses. Take advantage of free mentoring, networking events and learning opportunities offered through workshops and seminars. Also, tap into a wealth of information available in the online library, including articles, document templates, videos and more. The local chapter of SCORE serves the counties of San Diego and Imperial.

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