We wrote this article for small business owners in Ada, Minnesota who are interested in getting debt financing.
Local Ada Lenders
To assist you in finding a small business banker, here's our list of small business banks in Ada.
Small Business Bank |
Recent SBA Loans |
American Federal |
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Bank of the West |
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Community Bank of the Red River Valley |
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Other Lending Resources for Ada Businesses
Be sure to speak with bankers outside of Ada, Minnesota. These banks, in the table below, have lent to other Ada small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Tips for Getting a Business Loan in Ada
Getting a bank loan is one of the most common sources of funding for a small business, but obtaining a loan can be difficult.
Improve your odds by talking to as many banks as possible.
When getting a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.
Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
Gaebler.com Advice on Raising Money
Make the effort and learn as much as you can about Raising
Money. For starters, we suggest you read
504 Loans.
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