Business Loan Stillwater, Minnesota

Small business loans in Stillwater, Minnesota are available. You just need to talk to the right bank.

These materials were prepared for small business proprietors in Stillwater, Minnesota who are interested in getting a bank loan.

Local Stillwater Banks

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

Small Business Bank	Recent SBA Loans
Central Bank	16
Eagle Valley Bank	2
First State Bank and Trust
Firstar Bank
Jennings State Bank
S & C Bank
TCF National Bank
U S Bank - Branch Offices- Stillwater- Oak Ridge Office
U S Bank - Stillwater Office- Branch Offices- Stillwater
Wells Fargo Bank NA

Business Loan Providers for Stillwater Businesses

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

Small Business Bank	Recent SBA Loans
Anchor Bank Wayzata, MN	6
Anchor Bank Heritage North Saint Paul, MN	3
Anchor Bank Saint Paul Saint Paul, MN	1
Associated Bank Green Bay, WI	1
Associated Bank Minneapolis, MN	3
Associated Bank Plymouth, MN	1
Boundary Waters Bank Ely, MN	1
Capital One Mclean, VA	1
Central Bank Golden Valley, MN	1
Cit Small Business Lending Corp Livingston, NJ	1
Community National Bank Vadnais Heights, MN	1
Eagle Valley Bank Apple Valley, MN	1
Eagle Valley Bank Saint Croix Falls, WI	1
Highland Bank Maple Grove, MN	1
Innovative Bank Oakland, CA	2
Kleinbank Burnsville, MN	2
Lake Area Bank Lindstrom, MN	1
Lake Elmo Bank Lake Elmo, MN	2
Lake Elmo Bank Oakdale, MN	1
North American Banking Company Roseville, MN	1
Park Midway Bank Saint Paul, MN	5
Premier Bank Maplewood, MN	2
Stearns Bank Saint Cloud, MN	1
Tcf National Bank Wayzata, MN	1
U.S. Bank National Association Cincinnati, OH	39
University Finan Corp. Dba Sun Saint Paul, MN	1
Ups Capital Business Credit Windsor, CT	1
Wells Fargo Bank Minneapolis, MN	4
Wells Fargo Bank San Jose, CA	4
Wells Fargo Bank Sioux Falls, SD	3

Tips for Getting a Business Loan in Stillwater

Before contacting lenders to discuss getting a bank 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 your ability to pay the loan back to the lender.

Having a business plan is is critically important. If the capital is to for a company that is already doing business, 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 to guarantee the loan with 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 these banks 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 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.

Gaebler.com Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

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