Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Cloquet, Minnesota

 
Loan Census SBA Loan Info

Getting a business loan in Cloquet, Minnesota seems challenging at first, but we're here to help you get started.

If you are planning on applying for a small business loan and your business is based in Cloquet, Minnesota, we've assembled a list of local small business banks that you should contact.

Local Cloquet Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Cloquet.

Small Business Bank Recent SBA Loans
Diebold Inc  
Members Cooperative Cu 8
State Bank of Cloquet  
U S Bank - Mortgage- Subsidiaries & Divisions- Consumer Banking- Branch Offices- Clo  
U S Bank - Personal Trust & Management- Subsidiaries & Divisions- Private Client G  
U S Bank - Subsidiaries & Divisions- Commercial Banking  
U S Bank - Subsidiaries & Divisions- Investment  
Wells Fargo Bank NA  
Wells Fargo Home Mortgage  

Banks that Lend to Cloquet Businesses

Be sure to speak with bankers outside of Cloquet, Minnesota. These banks, in the table below, have lent to other Cloquet 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
American Bank Of The North
Nashwauk, MN
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
2
Stearns Bank
Saint Cloud, MN
2
U.S. Bank National Association
Cincinnati, OH
3
Wells Fargo Bank
San Jose, CA
4
Woodlands National Bank
Hinckley, MN
2
Woodlands National Bank
Onamia, MN
1
Woodlands National Bank
Sturgeon Lake, MN
2

Business Loan Advice for Cloquet Businesses

Getting a bank loan is one of the most common sources of funding for a small business, but finding financing requires a fair amount of work.

Improve your odds by talking to as many banks as possible.

When getting 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 a better deal than others.

By meeting with 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 rate on a small business loan.

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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review How Equity Dilution Works.

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