Loan Census Banking News and Information
December 12, 2018  
 
 
  Business Loan Information  
 

Business Loan Minneapolis, Minnesota

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Minneapolis, Minnesota who are interested in getting debt financing.

Local Minneapolis Business Loan Sources

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

Small Business Bank Recent SBA Loans
ABN AMRO Bank  
Alliance Bank  
Al's Check Cashing  
American Frontier Mortgage Corporation  
AMERICAN SUMMIT LENDING CORPORATION  
Anchor Bank  
Aspenwall Company  
Associated Bank 513
Associated Investment Services  
Associated Wealth Management  
B NC National Bank  
Bank Financial Services Inc  
Bank of New York  
Bankfirst  
Blaine State Bank  
Bnc National Bank 3
Boundary Waters Community Bank  
Bremer Bank 1
Bremer Investments  
Centennial Lakes BLDG V  
Central Bank  
Century Bank  
Citizens Independent Bank  
Comerica Bank & Trust  
Community Bank Plymouth  
Crown Bank  
Dearey Mortgage  
Doyle Security Products  
Eagle Crest Capital Bank  
Eastbank 27
Excel Bank  
Federal Reserve Bank of Minneapolis  
Fifth at Fifth  
First Advantage Bank  
First Commercial Bank  
First Community Credit Union  
First Minnesota Bank  
First National Bank - Lakes 14
Firstar Bank  
Franklin National Bank - Minneapolis 7
Guaranty Bank  
Highland Bank 5
Interbank Fsb  
Lasalle Bank NA  
M & I Bank  
M&i Marshall & Ilsley Bank 14
Mainstreet Bank 1
Marquette Commercial Finance- Inc.  
Marshall Bank N A  
NCB Mortgage Company  
Nelson Michael C Agency Inc  
North American Banking Company 1
Northeast Bank 6
Northeast State Bank of MPLS  
Northern Mortgage  
Peoples Bank Of Commerce 6
Polypro International Inc  
Premier Banks - Blaine Walmart Office  
Premier Banks - Bloomington Office  
Private Bank Minnesota 2
Private Bank of Minnesota  
Richfield Bank  
Ridgedale State Bank 1
Security Products Company  
Silicon Valley Bank  
Smarte Cash International Inc  
Stearns Bank-Twin Cities  
Sterling State Bank  
T CF Bank - Corporate Subsidiaries and Divisions- TCF Human Resources  
T CF Bank - TCF Agency- Corporate Subsidiaries and Divisions  
TCF Bank  
Tcf Foundation 2
Textron Financial Corporation  
The National Bank  
Thrivent Financial Bank 1
Trade Acceptance Group Limited  
U S Bank  
Union Bank and Trust CO  
United Bankers Bank  
Universal Savings Bank  
US Bank  
Village Bank  
Wachovia Small Business Capital  
Wausau Financial Systems Inc  
Wells Fargo Audit Services Inc 1
Wells Fargo Bank 2,023
Western Bank 17

Other Lending Resources for Minneapolis Businesses

This is a list of banks outside of Minneapolis, Minnesota that have provided SBA loans to Minneapolis 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
2
1st National Bank - Elk River
Elk River, MN
1
1st National Bank - Elk River
Rogers, MN
1
Amer Express Centurion Bk
Salt Lake City, UT
1
Amer National Bank - Minnesota
Elk River, MN
1
American Bank Of St. Paul
Burnsville, MN
1
American Bank Of St. Paul
Saint Paul, MN
5
Anchor Bank
Wayzata, MN
43
Anchor Bank Heritage
North Saint Paul, MN
2
Anchor Bank Saint Paul
Saint Paul, MN
1
Anchorbank, FSB
Eau Claire, WI
1
Associated Bank
Eagan, MN
1
Associated Bank
Green Bay, WI
22
Associated Bank
Plymouth, MN
16
Associated Bank
Saint Louis Park, MN
1
Bank Of America
Charlotte, NC
2
Bankcherokee
Saint Paul, MN
2
Beacon Bank
Shorewood, MN
2
Boundary Waters Bank
Blaine, MN
3
Bremer Bank
Menomonie, WI
1
Bremer Bank
Saint Anthony, MN
1
Bremer Bank
Saint Cloud, MN
6
Bremer Bank
Saint Louis Park, MN
13
Bremer Bank
South Saint Paul, MN
19
Brickwell Community Bank
Woodbury, MN
1
Capital One
Mclean, VA
50
Capital One Bank (usa)
Glen Allen, VA
2
Cit Small Business Lending Corp
Livingston, NJ
14
Citizens Independent Bank
Saint Louis Park, MN
7
Commerce Bank
Edina, MN
1
Community Pride Bank
Isanti, MN
2
Crown Bank
Edina, MN
6
Drake Bank
Saint Paul, MN
11
F&m Commun Bank
Preston, MN
1
Fidelity Bank
Edina, MN
10
First Commercial Bank
Bloomington, MN
6
First Minnesota Bank
Minnetonka, MN
4
First National Bank
Plymouth, MN
1
First National Bank - Lakes
Navarre, MN
4
First National Bank - Lakes
Richfield, MN
1
First National Bank Minnesota
Saint Peter, MN
2
Highland Bank
Bloomington, MN
1
Highland Bank
Maple Grove, MN
10
Highland Bank
Saint Michael, MN
17
Highland Bank
Saint Paul, MN
1
Home Federal Savings Bank
Rochester, MN
1
Home State Bank
Litchfield, MN
1
Innovative Bank
Oakland, CA
7
Kleinbank
Big Lake, MN
4
Kleinbank
Carver, MN
1
Lake Community Bank
Long Lake, MN
1
Lake Elmo Bank
Lake Elmo, MN
1
Landmark Commun Bank
Isanti, MN
8
Landmark Commun Bank
Ramsey, MN
5
M&i Marshall & Ilsley Bank
Eden Prairie, MN
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
52
M&i Marshall & Ilsley Bank
Richfield, MN
6
Mainstreet Bank
Forest Lake, MN
3
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
Marshall Bank
Hallock, MN
1
Merchants Bank
Hampton, MN
1
Minnwest Bank Metro
Rochester, MN
1
Minnwest Finance, Inc.
Minnetonka, MN
1
Newtek Small Business Finance Inc.
New York, NY
1
North American Banking Company
Roseville, MN
4
Northern Michigan Bank & Trust
Marquette, MI
1
Northern State Bank
Ashland, WI
1
Park Midway Bank
Saint Paul, MN
76
Park State Bank
Duluth, MN
1
Peoples Bank Of Commerce
Cambridge, MN
13
Peoples Bank Of Commerce
Saint Paul, MN
6
Prosperan Bank
Oakdale, MN
3
Riverview Community Bank
Otsego, MN
1
Signature Bancshares, Inc
Minnetonka, MN
1
Signature Bank
Minnetonka, MN
2
Small Business Loan Source LLC
Houston, TX
2
St. Stephen State Bank
Saint Cloud, MN
2
Stearns Bank
Saint Cloud, MN
14
Superior Financial Group, LLC
Walnut Creek, CA
1
Tcf National Bank
Edina, MN
4
Tcf National Bank
Wayzata, MN
4
The Bank Of Elk River
Elk River, MN
2
The Business Bank
Minnetonka, MN
3
The Lake Bank
Two Harbors, MN
1
U S Fcu
Burnsville, MN
1
U.S. Bank National Association
Cincinnati, OH
381
U.S. Bank National Association
San Diego, CA
2
University Finan Corp. Dba Sun
Saint Paul, MN
9
Venture Bank
Bloomington, MN
34
Venture Bank
Golden Valley, MN
1
Village Bank
Blaine, MN
1
Village Bank
Saint Francis, MN
1
Voyager Bank
Eden Prairie, MN
13
Wachovia SBA Lending, Inc.
Roseville, CA
9
Wells Fargo Bank
San Jose, CA
148
Wells Fargo Bank
Sioux Falls, SD
54
Western Bank
Edina, MN
2
Western Bank
Mounds View, MN
3
Western Bank
Oakdale, MN
1
Western Bank
Saint Paul, MN
9

Tips for Getting a Business Loan in Minneapolis

Prior to reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 stocks and bonds that you might own or life insurance policies. 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 these banks are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Business Cash Advances.

Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Marshall
Get a Business Loan in Minnetonka

Browse All Business Loan Sources for Minnesota