If you are looking for a small business loan and your business is based in Edina, Minnesota, we've assembled a list of local small business banks that you should contact.
Local Edina Banks
To help you learn more about local small business lenders, here's our list of small business banks in Edina.
SBA Lenders for Edina Businesses
This is a list of banks outside of Edina, Minnesota that have provided SBA loans to Edina businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
21st Century Bank
Loretto, MN |
1 |
American Bank Of The North
Nashwauk, MN |
2 |
Anchor Bank
Wayzata, MN |
4 |
Associated Bank
Eagan, MN |
1 |
Associated Bank
Green Bay, WI |
2 |
Associated Bank
Minneapolis, MN |
11 |
Bremer Bank
Saint Cloud, MN |
2 |
Bremer Bank
Saint Louis Park, MN |
1 |
Bremer Bank
South Saint Paul, MN |
3 |
Capital One
Mclean, VA |
4 |
Capital One Bank (usa)
Glen Allen, VA |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Drake Bank
Saint Paul, MN |
1 |
Eagle Valley Bank
Saint Croix Falls, WI |
1 |
First Commercial Bank
Bloomington, MN |
1 |
First National Bank - Lakes
Minneapolis, MN |
1 |
Gateway Bank
Mendota Heights, MN |
2 |
Guaranty Bank
Milwaukee, WI |
1 |
Highland Bank
Maple Grove, MN |
2 |
Highland Bank
Saint Michael, MN |
4 |
Kleinbank
Big Lake, MN |
1 |
Landmark Commun Bank
Isanti, MN |
1 |
M&i Marshall & Ilsley Bank
Brookfield, WI |
1 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
4 |
M&i Marshall & Ilsley Bank
Minneapolis, MN |
1 |
M&i Marshall & Ilsley Bank
Richfield, MN |
3 |
Minnwest Bank Metro
Rochester, MN |
1 |
Park Midway Bank
Saint Paul, MN |
1 |
Peoples Bank Of Commerce
Cambridge, MN |
3 |
Peoples Bank Of Commerce
Saint Paul, MN |
1 |
Peoples National Bank Of Mora
Brainerd, MN |
1 |
Signature Bank
Minnetonka, MN |
1 |
Stearns Bank
Saint Cloud, MN |
1 |
Tcf National Bank
Wayzata, MN |
2 |
U.S. Bank National Association
Cincinnati, OH |
9 |
University Finan Corp. Dba Sun
Saint Paul, MN |
1 |
Venture Bank
Bloomington, MN |
8 |
Wells Fargo Bank
Minneapolis, MN |
10 |
Wells Fargo Bank
San Jose, CA |
10 |
Wells Fargo Bank
Sioux Falls, SD |
2 |
Edina Bank Loan Tips
Before reaching out to banks for a loan, you will need to develop the specifics of your loan request.
You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.
Having a business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. Prior to visiting local banks, you may want to do your homework 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.
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