Loan Census Banking News and Information
April 24, 2014  
 
 
  Business Loan Information  
 

Business Loan St. Paul, Minnesota

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in St. Paul, Minnesota who are interested in getting a small business loan.

Local St. Paul Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bremer Bank 1
Liberty State Bank 1

Other Lending Resources for St. Paul Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Lake City, MN
2
Alliance Bank
New Ulm, MN
1
American Bank Of St. Paul
Mendota Heights, MN
1
American Bank Of St. Paul
Saint Paul, MN
9
Anchor Bank
Wayzata, MN
14
Anchor Bank Heritage
North Saint Paul, MN
3
Anchor Bank Saint Paul
Apple Valley, MN
2
Anchor Bank Saint Paul
Saint Paul, MN
4
Associated Bank
Green Bay, WI
8
Associated Bank
Minneapolis, MN
25
Associated Bank
Plymouth, MN
1
Bank Of The West
San Francisco, CA
1
Bankcherokee
Saint Paul, MN
2
Bnc National Bank
Phoenix, AZ
1
Boundary Waters Bank
Ely, MN
1
Bremer Bank
Saint Cloud, MN
1
Bremer Bank
Saint Louis Park, MN
6
Bremer Bank
South Saint Paul, MN
4
Brickwell Community Bank
Woodbury, MN
1
Bridgewater Bank
Bloomington, MN
1
Capital One
Mclean, VA
3
Central Bank
Stillwater, MN
1
Cit Small Business Lending Corp
Golden, CO
1
Cit Small Business Lending Corp
Livingston, NJ
4
Citizens Independent Bank
Saint Louis Park, MN
1
Citizens State Bank
Hudson, WI
1
City & County Cu
Saint Paul, MN
1
Drake Bank
Saint Paul, MN
19
Eastbank
Minneapolis, MN
3
Fidelity Bank
Edina, MN
8
First Minnesota Bank
Minnetonka, MN
1
First Resource Bank
Savage, MN
1
Heritage Bank
Spicer, MN
1
Highland Bank
Maple Grove, MN
2
Highland Bank
Saint Michael, MN
9
Innovative Bank
Oakland, CA
2
Key Community Bank
Inver Grove Heights, MN
1
Kleinbank
Norwood Young America, MN
1
Landmark Commun Bank
Isanti, MN
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
4
M&i Marshall & Ilsley Bank
Richfield, MN
3
Merchants Bank
Hampton, MN
1
Minnwest Bank Metro
Eagan, MN
1
North American Banking Company
Hastings, MN
1
North American Banking Company
Roseville, MN
1
Park Midway Bank
Saint Paul, MN
78
Peoples Bank Of Commerce
Cambridge, MN
7
Peoples Bank Of Commerce
Saint Paul, MN
1
Premier Bank
Denver, CO
1
Premier Bank
Roseville, MN
2
Premier Bank Rochester
Maplewood, MN
1
Prosperan Bank
Maplewood, MN
1
St. Stephen State Bank
Saint Cloud, MN
1
Stearns Bank
Saint Cloud, MN
3
Tcf National Bank
Wayzata, MN
3
U.S. Bank National Association
Cincinnati, OH
64
U.S. Bank National Association
Saint Paul, MN
1
U.S. Bank National Association
San Diego, CA
1
Ultima Bank Minnesota
Fosston, MN
1
University Finan Corp. Dba Sun
Saint Paul, MN
7
Venture Bank
Bloomington, MN
10
Venture Bank
Golden Valley, MN
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Minneapolis, MN
19
Wells Fargo Bank
San Jose, CA
64
Wells Fargo Bank
Sioux Falls, SD
2
Wells Fargo Bank
Winona, MN
1
Western Bank
Minneapolis, MN
2
Western Bank
Mounds View, MN
2
Western Bank
Saint Paul, MN
10

Tips for Getting a Business Loan in St. Paul

Before reaching out to banks for a 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, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the bank loan 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 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 you sit down to talk with a small business 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 the ball rolling, 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

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