|
Raising money in Minneapolis, Minnesota? If so, you'll want to talk to some of these small business lenders in Minneapolis.
This article is written specifically for entrepreneurs in Minneapolis, Minnesota who are interested in getting debt financing.
Local Minneapolis Business Loan Sources To help you learn more about local small business lenders, here's our list of small business banks in Minneapolis.
Small Business Bank |
Recent SBA Loans |
ABN AMRO Bank |
|
Alliance Bank |
|
Al's Check Cashing |
|
American Frontier Mortgage Corporation |
|
AMERICAN SUMMIT LENDING CORPORATION |
|
Anchor Bank |
|
Aspenwall Company |
|
Associated Bank |
513 |
Associated Investment Services |
|
Associated Wealth Management |
|
B NC National Bank |
|
Bank Financial Services Inc |
|
Bank of New York |
|
Bankfirst |
|
Blaine State Bank |
|
Bnc National Bank |
3 |
Boundary Waters Community Bank |
|
Bremer Bank |
1 |
Bremer Investments |
|
Centennial Lakes BLDG V |
|
Central Bank |
|
Century Bank |
|
Citizens Independent Bank |
|
Comerica Bank & Trust |
|
Community Bank Plymouth |
|
Crown Bank |
|
Dearey Mortgage |
|
Doyle Security Products |
|
Eagle Crest Capital Bank |
|
Eastbank |
27 |
Excel Bank |
|
Federal Reserve Bank of Minneapolis |
|
Fifth at Fifth |
|
First Advantage Bank |
|
First Commercial Bank |
|
First Community Credit Union |
|
First Minnesota Bank |
|
First National Bank - Lakes |
14 |
Firstar Bank |
|
Franklin National Bank - Minneapolis |
7 |
Guaranty Bank |
|
Highland Bank |
5 |
Interbank Fsb |
|
Lasalle Bank NA |
|
M & I Bank |
|
M&i Marshall & Ilsley Bank |
14 |
Mainstreet Bank |
1 |
Marquette Commercial Finance- Inc. |
|
Marshall Bank N A |
|
NCB Mortgage Company |
|
Nelson Michael C Agency Inc |
|
North American Banking Company |
1 |
Northeast Bank |
6 |
Northeast State Bank of MPLS |
|
Northern Mortgage |
|
Peoples Bank Of Commerce |
6 |
Polypro International Inc |
|
Premier Banks - Blaine Walmart Office |
|
Premier Banks - Bloomington Office |
|
Private Bank Minnesota |
2 |
Private Bank of Minnesota |
|
Richfield Bank |
|
Ridgedale State Bank |
1 |
Security Products Company |
|
Silicon Valley Bank |
|
Smarte Cash International Inc |
|
Stearns Bank-Twin Cities |
|
Sterling State Bank |
|
T CF Bank - Corporate Subsidiaries and Divisions- TCF Human Resources |
|
T CF Bank - TCF Agency- Corporate Subsidiaries and Divisions |
|
TCF Bank |
|
Tcf Foundation |
2 |
Textron Financial Corporation |
|
The National Bank |
|
Thrivent Financial Bank |
1 |
Trade Acceptance Group Limited |
|
U S Bank |
|
Union Bank and Trust CO |
|
United Bankers Bank |
|
Universal Savings Bank |
|
US Bank |
|
Village Bank |
|
Wachovia Small Business Capital |
|
Wausau Financial Systems Inc |
|
Wells Fargo Audit Services Inc |
1 |
Wells Fargo Bank |
2,023 |
Western Bank |
17 |
Other Lending Resources for Minneapolis Businesses This is a list of banks outside of Minneapolis, Minnesota that have provided SBA loans to Minneapolis businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
1st National Bank - Elk River
Anoka, MN |
2 |
1st National Bank - Elk River
Elk River, MN |
1 |
1st National Bank - Elk River
Rogers, MN |
1 |
Amer Express Centurion Bk
Salt Lake City, UT |
1 |
Amer National Bank - Minnesota
Elk River, MN |
1 |
American Bank Of St. Paul
Burnsville, MN |
1 |
American Bank Of St. Paul
Saint Paul, MN |
5 |
Anchor Bank
Wayzata, MN |
43 |
Anchor Bank Heritage
North Saint Paul, MN |
2 |
Anchor Bank Saint Paul
Saint Paul, MN |
1 |
Anchorbank, FSB
Eau Claire, WI |
1 |
Associated Bank
Eagan, MN |
1 |
Associated Bank
Green Bay, WI |
22 |
Associated Bank
Plymouth, MN |
16 |
Associated Bank
Saint Louis Park, MN |
1 |
Bank Of America
Charlotte, NC |
2 |
Bankcherokee
Saint Paul, MN |
2 |
Beacon Bank
Shorewood, MN |
2 |
Boundary Waters Bank
Blaine, MN |
3 |
Bremer Bank
Menomonie, WI |
1 |
Bremer Bank
Saint Anthony, MN |
1 |
Bremer Bank
Saint Cloud, MN |
6 |
Bremer Bank
Saint Louis Park, MN |
13 |
Bremer Bank
South Saint Paul, MN |
19 |
Brickwell Community Bank
Woodbury, MN |
1 |
Capital One
Mclean, VA |
50 |
Capital One Bank (usa)
Glen Allen, VA |
2 |
Cit Small Business Lending Corp
Livingston, NJ |
14 |
Citizens Independent Bank
Saint Louis Park, MN |
7 |
Commerce Bank
Edina, MN |
1 |
Community Pride Bank
Isanti, MN |
2 |
Crown Bank
Edina, MN |
6 |
Drake Bank
Saint Paul, MN |
11 |
F&m Commun Bank
Preston, MN |
1 |
Fidelity Bank
Edina, MN |
10 |
First Commercial Bank
Bloomington, MN |
6 |
First Minnesota Bank
Minnetonka, MN |
4 |
First National Bank
Plymouth, MN |
1 |
First National Bank - Lakes
Navarre, MN |
4 |
First National Bank - Lakes
Richfield, MN |
1 |
First National Bank Minnesota
Saint Peter, MN |
2 |
Highland Bank
Bloomington, MN |
1 |
Highland Bank
Maple Grove, MN |
10 |
Highland Bank
Saint Michael, MN |
17 |
Highland Bank
Saint Paul, MN |
1 |
Home Federal Savings Bank
Rochester, MN |
1 |
Home State Bank
Litchfield, MN |
1 |
Innovative Bank
Oakland, CA |
7 |
Kleinbank
Big Lake, MN |
4 |
Kleinbank
Carver, MN |
1 |
Lake Community Bank
Long Lake, MN |
1 |
Lake Elmo Bank
Lake Elmo, MN |
1 |
Landmark Commun Bank
Isanti, MN |
8 |
Landmark Commun Bank
Ramsey, MN |
5 |
M&i Marshall & Ilsley Bank
Eden Prairie, MN |
1 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
52 |
M&i Marshall & Ilsley Bank
Richfield, MN |
6 |
Mainstreet Bank
Forest Lake, MN |
3 |
Mainstreet Lender 7(a), LLC
Chevy Chase, MD |
1 |
Marshall Bank
Hallock, MN |
1 |
Merchants Bank
Hampton, MN |
1 |
Minnwest Bank Metro
Rochester, MN |
1 |
Minnwest Finance, Inc.
Minnetonka, MN |
1 |
Newtek Small Business Finance Inc.
New York, NY |
1 |
North American Banking Company
Roseville, MN |
4 |
Northern Michigan Bank & Trust
Marquette, MI |
1 |
Northern State Bank
Ashland, WI |
1 |
Park Midway Bank
Saint Paul, MN |
76 |
Park State Bank
Duluth, MN |
1 |
Peoples Bank Of Commerce
Cambridge, MN |
13 |
Peoples Bank Of Commerce
Saint Paul, MN |
6 |
Prosperan Bank
Oakdale, MN |
3 |
Riverview Community Bank
Otsego, MN |
1 |
Signature Bancshares, Inc
Minnetonka, MN |
1 |
Signature Bank
Minnetonka, MN |
2 |
Small Business Loan Source LLC
Houston, TX |
2 |
St. Stephen State Bank
Saint Cloud, MN |
2 |
Stearns Bank
Saint Cloud, MN |
14 |
Superior Financial Group, LLC
Walnut Creek, CA |
1 |
Tcf National Bank
Edina, MN |
4 |
Tcf National Bank
Wayzata, MN |
4 |
The Bank Of Elk River
Elk River, MN |
2 |
The Business Bank
Minnetonka, MN |
3 |
The Lake Bank
Two Harbors, MN |
1 |
U S Fcu
Burnsville, MN |
1 |
U.S. Bank National Association
Cincinnati, OH |
381 |
U.S. Bank National Association
San Diego, CA |
2 |
University Finan Corp. Dba Sun
Saint Paul, MN |
9 |
Venture Bank
Bloomington, MN |
34 |
Venture Bank
Golden Valley, MN |
1 |
Village Bank
Blaine, MN |
1 |
Village Bank
Saint Francis, MN |
1 |
Voyager Bank
Eden Prairie, MN |
13 |
Wachovia SBA Lending, Inc.
Roseville, CA |
9 |
Wells Fargo Bank
San Jose, CA |
148 |
Wells Fargo Bank
Sioux Falls, SD |
54 |
Western Bank
Edina, MN |
2 |
Western Bank
Mounds View, MN |
3 |
Western Bank
Oakdale, MN |
1 |
Western Bank
Saint Paul, MN |
9 |
Tips for Getting a Business Loan in Minneapolis
Prior to reaching out to 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.
A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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 pledge 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 these banks are SBA lenders. Before meeting with the banker, you may want to get up to speed 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
Take the time to learn as much as you can about Raising
Money. To get started, we suggest you read
Business Cash Advances.
Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Marshall
Get a Business Loan in Minnetonka
Browse All Business Loan Sources for Minnesota
|
|