Business Loan White Bear Lake, Minnesota

I need a loan for my business in White Bear Lake, Minnesota! If that's what's on your mind, you've come to the right place.

These materials were prepared for small business owners in White Bear Lake, Minnesota who are interested in getting debt financing.

Local White Bear Lake Lenders

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

Small Business Bank	Recent SBA Loans
Lake Area Bank	3
North Star Bank
Premier Bank	5

Banks that Lend to White Bear Lake Businesses

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

Small Business Bank	Recent SBA Loans
Anchor Bank Wayzata, MN	1
Anchor Bank Heritage North Saint Paul, MN	1
Associated Bank Minneapolis, MN	2
Bankcherokee Saint Paul, MN	1
Boundary Waters Bank Ely, MN	1
Bremer Bank Lake Elmo, MN	1
Bremer Bank Saint Cloud, MN	1
Bremer Bank Saint Louis Park, MN	2
Bremer Bank South Saint Paul, MN	2
Capital One Mclean, VA	4
Cit Small Business Lending Corp Livingston, NJ	2
Eagle Valley Bank Stillwater, MN	1
Highland Bank Maple Grove, MN	1
Lake Area Bank Lindstrom, MN	1
Landmark Commun Bank Isanti, MN	1
Landmark Commun Bank Ramsey, MN	1
M&i Marshall & Ilsley Bank Milwaukee, WI	1
M&i Marshall & Ilsley Bank Minneapolis, MN	1
Mainstreet Bank Herndon, VA	1
Merchants Bank Winona, MN	3
North American Banking Company Roseville, MN	1
Park Midway Bank Saint Paul, MN	3
Premier Bank Maplewood, MN	11
Stearns Bank Saint Cloud, MN	3
U.S. Bank National Association Cincinnati, OH	7
U.S. Bank National Association San Diego, CA	1
Voyager Bank Eden Prairie, MN	1
Washington Mutual Bank Henderson, NV	1
Wells Fargo Bank Minneapolis, MN	7
Wells Fargo Bank San Jose, CA	3
Western Bank Mounds View, MN	1
Western Bank Oakdale, MN	1

Tips for Getting a Business Loan in White Bear Lake

As a prerequisite to reaching out to banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money 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 guarantee 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 the equity in your home. 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 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

Make the effort and learn as much as you can about Raising Money. For starters, we suggest you read Realistic Debt Financing Options.

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