This article is written specifically for entrepreneurs in Excelsior, Minnesota who are interested in getting a small business loan.
Local Excelsior Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Excelsior.
Small Business Bank |
Recent SBA Loans |
Beacon Bank |
|
Burnet Home Loans - Minnetonka |
|
Midcountry Bank |
|
Tcf Bank FSB |
|
U S Bank - Minnetonka Office- Branch Offices- Minnetonka |
|
Business Loan Providers for Excelsior Businesses
Be sure to speak with bankers outside of Excelsior, Minnesota. These banks, in the table below, have lent to other Excelsior small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Small Business Bank |
Recent SBA Loans |
1st National Bank - Elk River
Elk River, MN |
1 |
American Bank Of St. Paul
Saint Paul, MN |
1 |
Anchor Bank
Wayzata, MN |
1 |
Associated Bank
Minneapolis, MN |
2 |
Beacon Bank
Shorewood, MN |
1 |
Capital One
Mclean, VA |
2 |
First Minnesota Bank
Monticello, MN |
1 |
First Minnetonka City Bank
Minnetonka, MN |
2 |
First National Bank - Lakes
Minneapolis, MN |
1 |
First National Bank - Lakes
Navarre, MN |
1 |
Kleinbank
Big Lake, MN |
1 |
Lake Community Bank
Long Lake, MN |
1 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
1 |
North American Banking Company
Minneapolis, MN |
1 |
U.S. Bank National Association
Cincinnati, OH |
7 |
Wells Fargo Bank
Minneapolis, MN |
2 |
Wells Fargo Bank
San Jose, CA |
8 |
Wells Fargo Bank
Sioux Falls, SD |
1 |
Tips for Getting a Business Loan in Excelsior
Borrowing money is one of the most common sources of funding for a small business, but securing debt financing can be difficult.
It's always a good idea to talk 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 small business financing available.
Remember, before meeting with a banker, 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
Take the time to learn as much as you can about Raising
Money. For starters, we suggest you read
How Much Venture Capital Is There?.
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