If you are hoping to get a small business loan and your business is based in Red Wing, Minnesota, we've assembled a list of local small business banks that you should contact.
Local Red Wing Business Loan Sources
Without further adieu, here's our list of small business banks in Red Wing.
Small Business Bank |
Recent SBA Loans |
1st National Bank |
|
Associated Bank |
1 |
First State Bank of Red Wing |
|
Minnesota First Credit & Savings |
|
Red Wing Credit Union |
|
Touch Tone Teller |
|
Wells Fargo Bank NA - Red Wing- Red Wing Office |
|
Banks that Lend to Red Wing Businesses
Be sure to speak with bankers outside of Red Wing, Minnesota. These banks, in the table below, have lent to other Red Wing 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 In Cannon Falls
Cannon Falls, MN |
1 |
21st Century Bank
Blaine, MN |
1 |
Associated Bank
Eagan, MN |
1 |
Associated Bank
Green Bay, WI |
9 |
Associated Bank
Minneapolis, MN |
17 |
Bremer Bank
South Saint Paul, MN |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
1 |
Eastwood Bank
Rochester, MN |
1 |
Hiawatha National Bank
Hager City, WI |
2 |
Stearns Bank
Saint Cloud, MN |
1 |
The Business Bank
Minnetonka, MN |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Wells Fargo Bank
Minneapolis, MN |
7 |
Wells Fargo Bank
San Jose, CA |
5 |
Wells Fargo Bank
Sioux Falls, SD |
3 |
Red Wing Bank Loan Tips
Getting a bank loan is one of the most common sources of funding for a small business, but securing debt financing isn't always easy.
Improve your odds by talking to as many banks as possible.
When applying for 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 better loan terms 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.
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