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

Mandan, North Dakota Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Mandan, North Dakota! If that's what's on your mind, you've come to the right place.

If you are planning on applying for a small business loan and your business is based in Mandan, North Dakota, we've put together a list of local small business banks that you should contact.

Local Mandan Lenders

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

Small Business Bank Recent SBA Loans
Dakota Commun Bank 5
Datrue Process Automation  
Farm Cr. Services - Mandan. Pc 2
Gate City Bank - Mandan  
Security 1st Bank - No. Dakota 16
Security First Bank of North Dakota  
Starion Financial 6
Wells Fargo Bank 2

Business Loan Providers for Mandan Businesses

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

Small Business Bank Recent SBA Loans
American Bank Center First
Bismarck, ND
8
Bank Of Glen Ullin
Glen Ullin, ND
2
Bnc National Bank
Bismarck, ND
4
Bnc National Bank
Phoenix, AZ
1
Capital One
Mclean, VA
1
Dakota Commun Bank
Hebron, ND
2
Kirkwood Bank And Trust
Bismarck, ND
5
Northland Financial
Bismarck, ND
1
Northland Financial
Steele, ND
1
Starion Financial
Bismarck, ND
10
Wells Fargo Bank
Fargo, ND
1
Wells Fargo Bank
Minneapolis, MN
2
Wells Fargo Bank
San Jose, CA
3

Mandan Bank Loan Tips

Before reaching out to banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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

A well-defined business plan is an important prerequisite. If the financing 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 secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

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 check on your personal credit history 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 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review SBIR Funding.

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