We wrote this article for small business owners in Detroit Lakes, Minnesota who are interested in getting a small business loan.
Local Detroit Lakes Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Detroit Lakes.
Small Business Bank |
Recent SBA Loans |
American National Bank of Minnesota |
|
Bremer |
|
First Security Bank-sleepy Eye |
3 |
Lakes Mortgage Group |
|
Midwest Bank |
10 |
Wells Fargo Bank Minnesota NA - Central Market |
|
Wells Fargo Bank NA - Phone Bank |
|
Banks that Lend to Detroit Lakes Businesses
Banks outside of Detroit Lakes will often lend to entrepreneurs in Detroit Lakes, MN. Here's a list of out-of-area banks that have recently made loans to Detroit Lakes entrepreneurs. Some of these banks may have local branches but underwrite the loans from an out-of-area banking location, either from another city in Minnesota or from out of state.
Detroit Lakes Business Loan Advice
It's inevitable.
"I need to learn how to get a small business loan." you'll think to yourself.
Maybe you need a $30,000 small business loan to upgrade your business. Perhaps you need a $100,000 business loan to launch the company.
It's time to visit with a small business banker in Detroit Lakes.
Sure, there are other options: person to person loans, private equity funds,
and merchant cash advance companies, to name a few.
But, when all is said and done, procuring a loan from a local bank is often the easiest way for a small business to obtain financing to implement defined business plans.
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
Getting a Small Business Loan.
More Business Loan Info for Minnesota
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