Loan Census Banking News and Information
April 16, 2014  
 
 
  Business Loan Information  
 

Willernie, Minnesota Small Business Loans

 
Loan Census SBA Loan Info

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

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

Other Lending Resources for Willernie Businesses

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

Small Business Bank Recent SBA Loans
Anchor Bank
Wayzata, MN
1
Capital One
Mclean, VA
1
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
2

Willernie Bank Loan Tips

Prior to reaching out to banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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

Having a business plan is is critically important. If the loan 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 guarantee 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 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

More Business Lender Lists for Minnesota Cities
Get a Business Loan in White Bear Lake
Get a Business Loan in Willmar

Browse All Business Loan Sources for Minnesota