Loan Census Banking News and Information
April 17, 2014  
 
 
  Business Loan Information  
 

Small Business Lenders in Isanti, Minnesota

 
Loan Census SBA Loan Info

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

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

Local Isanti Lending Resources

Without further adieu, here's our list of small business banks in Isanti.

Small Business Bank Recent SBA Loans
Community Pride Bank 52
Landmark Commun Bank 82
Landmark Community Bank  
Minnco Credit Union  

SBA Lenders for Isanti Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Elk River
Anoka, MN
1
1st National Bank - Milaca
Isle, MN
1
Amer National Bank - Minnesota
Baxter, MN
1
Bremer Bank
Saint Cloud, MN
2
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Landmark Commun Bank
Ramsey, MN
3
Park Midway Bank
Saint Paul, MN
1
Peoples Bank Of Commerce
Cambridge, MN
1
Stearns Bank
Saint Cloud, MN
3
U.S. Bank National Association
Cincinnati, OH
3
Washington County Bank
Blair, NE
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Business Loan Advice for Isanti Businesses

Before meeting with lenders for a 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is essential. If the bank loan is to for a going concern, 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 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

Gaebler.com is a site that is all about aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Realistic Debt Financing Options.

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