Business Loan St. Paul, Minnesota

Raising money in St. Paul, Minnesota? If so, you'll want to talk to some of these small business lenders in St. Paul.

We wrote this article for small business owners in St. Paul, Minnesota who are interested in getting a small business loan.

Local St. Paul Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in St. Paul.

Small Business Bank	Recent SBA Loans
Bremer Bank	1
Liberty State Bank	1

Other Lending Resources for St. Paul Businesses

This is a list of banks outside of St. Paul, Minnesota that have provided SBA loans to St. Paul businesses. Some of these may be national banks with local branch locations.

Small Business Bank	Recent SBA Loans
Alliance Bank Lake City, MN	2
Alliance Bank New Ulm, MN	1
American Bank Of St. Paul Mendota Heights, MN	1
American Bank Of St. Paul Saint Paul, MN	9
Anchor Bank Wayzata, MN	14
Anchor Bank Heritage North Saint Paul, MN	3
Anchor Bank Saint Paul Apple Valley, MN	2
Anchor Bank Saint Paul Saint Paul, MN	4
Associated Bank Green Bay, WI	8
Associated Bank Minneapolis, MN	25
Associated Bank Plymouth, MN	1
Bank Of The West San Francisco, CA	1
Bankcherokee Saint Paul, MN	2
Bnc National Bank Phoenix, AZ	1
Boundary Waters Bank Ely, MN	1
Bremer Bank Saint Cloud, MN	1
Bremer Bank Saint Louis Park, MN	6
Bremer Bank South Saint Paul, MN	4
Brickwell Community Bank Woodbury, MN	1
Bridgewater Bank Bloomington, MN	1
Capital One Mclean, VA	3
Central Bank Stillwater, MN	1
Cit Small Business Lending Corp Golden, CO	1
Cit Small Business Lending Corp Livingston, NJ	4
Citizens Independent Bank Saint Louis Park, MN	1
Citizens State Bank Hudson, WI	1
City & County Cu Saint Paul, MN	1
Drake Bank Saint Paul, MN	19
Eastbank Minneapolis, MN	3
Fidelity Bank Edina, MN	8
First Minnesota Bank Minnetonka, MN	1
First Resource Bank Savage, MN	1
Heritage Bank Spicer, MN	1
Highland Bank Maple Grove, MN	2
Highland Bank Saint Michael, MN	9
Innovative Bank Oakland, CA	2
Key Community Bank Inver Grove Heights, MN	1
Kleinbank Norwood Young America, MN	1
Landmark Commun Bank Isanti, MN	1
M&i Marshall & Ilsley Bank Milwaukee, WI	4
M&i Marshall & Ilsley Bank Richfield, MN	3
Merchants Bank Hampton, MN	1
Minnwest Bank Metro Eagan, MN	1
North American Banking Company Hastings, MN	1
North American Banking Company Roseville, MN	1
Park Midway Bank Saint Paul, MN	78
Peoples Bank Of Commerce Cambridge, MN	7
Peoples Bank Of Commerce Saint Paul, MN	1
Premier Bank Denver, CO	1
Premier Bank Roseville, MN	2
Premier Bank Rochester Maplewood, MN	1
Prosperan Bank Maplewood, MN	1
St. Stephen State Bank Saint Cloud, MN	1
Stearns Bank Saint Cloud, MN	3
Tcf National Bank Wayzata, MN	3
U.S. Bank National Association Cincinnati, OH	64
U.S. Bank National Association Saint Paul, MN	1
U.S. Bank National Association San Diego, CA	1
Ultima Bank Minnesota Fosston, MN	1
University Finan Corp. Dba Sun Saint Paul, MN	7
Venture Bank Bloomington, MN	10
Venture Bank Golden Valley, MN	1
Wachovia SBA Lending, Inc. Roseville, CA	1
Wells Fargo Bank Minneapolis, MN	19
Wells Fargo Bank San Jose, CA	64
Wells Fargo Bank Sioux Falls, SD	2
Wells Fargo Bank Winona, MN	1
Western Bank Minneapolis, MN	2
Western Bank Mounds View, MN	2
Western Bank Saint Paul, MN	10

Tips for Getting a Business Loan in St. Paul

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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 your individual retirement account or pension plan. The banks will look at your personal credit report 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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 the ball rolling, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Shakopee
Get a Business Loan in Stewartville

Browse All Business Loan Sources for Minnesota