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

Springfield, Minnesota Business Loan

Loan Census SBA Loan Info

Getting a business loan in Springfield, Minnesota seems challenging at first, but we're here to help you get started.

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

Local Springfield Lending Resources

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

Small Business Bank Recent SBA Loans
Farmers & Merchants Bank  
Farmers & Merchants St. Bank - S 9
United Prairie Bank-Springfield  

Lenders for Springfield Businesses

Be sure to speak with bankers outside of Springfield, Minnesota. These banks, in the table below, have lent to other Springfield 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
First Security Bank-renville
Lamberton, MN

Springfield Business Loan Advice

Borrowing money is one of the most common sources of funding for a small business, but getting small business financing requires a fair amount of work.

It's always a good idea to talk to as many banks as possible.

When applying for 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 small business financing available.

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

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Shakopee
Get a Business Loan in Stewartville

Browse All Business Loan Sources for Minnesota