Loan Census Banking News and Information
April 23, 2014  
  Business Loan Information  

Crookston, Minnesota Business Loan

Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Crookston, Minnesota who are interested in getting a small business loan.

Local Crookston Banks

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

Small Business Bank Recent SBA Loans
American Federal Bank  
Bremer Bank 1
Crookston National Bank  

Banks that Lend to Crookston Businesses

Be sure to speak with bankers outside of Crookston, Minnesota. These banks, in the table below, have lent to other Crookston 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 Federal Bank
East Grand Forks, MN
Choice Financial Group
Grafton, ND
Hudson United Bank
Mahwah, NJ
Wells Fargo Bank
Minneapolis, MN
Wells Fargo Bank
Sioux Falls, SD

Crookston Business Loan Advice

Getting a bank loan is one of the most common sources of funding for a small business, but securing debt financing is not a slam dunk.

It's always a good idea to talk 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 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 rate on a small business loan.

Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements. Advice on Raising Money is a site that is devoted to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read 504 Loans.

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