Small Business Lenders in Bloomington, Minnesota

Small business loans in Bloomington, Minnesota are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Bloomington, Minnesota, we've put together a list of local small business banks that you should contact.

Local Bloomington Business Lenders

Without further adieu, here's our list of small business banks in Bloomington.

Small Business Bank	Recent SBA Loans
Bridgewater Bank	6
First Commercial Bank	18
Guaranty Bank	7
Highland Bank	1
Mac-clair Mortgage - Chad Pahl
Premier Bank Minnesota	2
United Bankers' Bank	1
Venture Bank	154
Wells Fargo Bank	4

Lenders for Bloomington Businesses

This is a list of banks outside of Bloomington, Minnesota that have provided SBA loans to Bloomington businesses. Some of these may be national banks with local branch locations.

Small Business Bank	Recent SBA Loans
1st National Bank - River Falls River Falls, WI	1
Anchor Bank Wayzata, MN	10
Anchor Bank Heritage Woodbury, MN	1
Anchor Bank Saint Paul Saint Paul, MN	1
Associated Bank Green Bay, WI	1
Associated Bank Minneapolis, MN	10
Boundary Waters Bank Blaine, MN	2
Bremer Bank Saint Cloud, MN	3
Bremer Bank Saint Louis Park, MN	1
Capital One Mclean, VA	8
Cit Small Business Lending Corp Livingston, NJ	1
Citicapital Small Business Finance Irving, TX	1
Community Bank Owatonna Owatonna, MN	1
Community Pride Bank Isanti, MN	1
Crown Bank Edina, MN	1
Dacotah Bank Sioux Falls, SD	1
Eagle Valley Bank Apple Valley, MN	1
Eastbank Minneapolis, MN	1
Fidelity Bank Edina, MN	4
First Minnetonka City Bank Minnetonka, MN	1
First National Bank - Lakes Minneapolis, MN	2
First National Bank - Lakes Navarre, MN	1
Highland Bank Maple Grove, MN	7
Highland Bank Saint Michael, MN	15
Kleinbank Burnsville, MN	2
Kleinbank Carver, MN	2
M&i Bank FSB Las Vegas, NV	1
M&i Marshall & Ilsley Bank Edina, MN	1
M&i Marshall & Ilsley Bank Milwaukee, WI	9
M&i Marshall & Ilsley Bank Richfield, MN	1
Maple Bank Champlin, MN	1
Merchants Bank Apple Valley, MN	1
Merchants Bank Hampton, MN	1
Merchants Bank Hastings, MN	1
Minnwest Bank Metro Rochester, MN	2
Park Midway Bank Saint Paul, MN	2
Peoples Bank Of Commerce Cambridge, MN	2
Peoples Bank Of Commerce Minneapolis, MN	1
Peoples Bank Of Commerce Saint Paul, MN	1
Premier Bank Maplewood, MN	1
Premier Bank Minnesota Farmington, MN	2
Prime Security Bank Shakopee, MN	1
Provincial Bank Lakeville, MN	3
Roundbank Waseca, MN	1
St. Stephen State Bank Saint Stephen, MN	1
Stearns Bank Saint Cloud, MN	3
Tcf National Bank Edina, MN	1
Tcf National Bank Wayzata, MN	2
The Business Bank Minnetonka, MN	3
U.S. Bank National Association Cincinnati, OH	25
U.S. Bank National Association San Diego, CA	1
University Finan Corp. Dba Sun Saint Paul, MN	1
Voyager Bank Eden Prairie, MN	3
Wells Fargo Bank Minneapolis, MN	15
Wells Fargo Bank San Jose, CA	24
Wells Fargo Bank Sioux Falls, SD	4
Western Bank Mounds View, MN	1
Western Bank Saint Paul, MN	1

Business Loan Advice for Bloomington Businesses

Prior to contacting lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Business Line of Credit.

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