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

Sebeka, Minnesota Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Sebeka Lending Resources

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

Small Business Bank Recent SBA Loans
Security State Bank  

Lenders for Sebeka Businesses

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

Small Business Bank Recent SBA Loans
Bremer Bank
Saint Cloud, MN
1
First National Bank - Menahga & Sebe
Menahga, MN
2

Sebeka Bank Loan Tips

Before reaching out to lenders to discuss getting a bank 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Having a business plan is is critically important. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 to guarantee the loan with 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. Prior to visiting local banks, 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Find Start-Up Capital.

More Business Lender Lists for Minnesota Cities
Get a Business Loan in Savage
Get a Business Loan in Shakopee

Browse All Business Loan Sources for Minnesota