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

Woodbury, Minnesota Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Woodbury, Minnesota who are interested in getting debt financing.

Local Woodbury Lenders

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

Small Business Bank Recent SBA Loans
Anchor Bank Heritage 10
Associated Bank 1
Boundary Waters Bank 1
Brickwell Community Bank 12

SBA Lenders for Woodbury Businesses

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

Small Business Bank Recent SBA Loans
Anchor Bank
Wayzata, MN
8
Anchor Bank Heritage
North Saint Paul, MN
5
Anchorbank, FSB
Madison, WI
2
Associated Bank
Green Bay, WI
5
Associated Bank
Minneapolis, MN
2
Boundary Waters Bank
Ely, MN
2
Bremer Bank
Saint Cloud, MN
1
Bremer Bank
South Saint Paul, MN
1
Capital One
Mclean, VA
6
Cit Small Business Lending Corp
Livingston, NJ
5
Community Resource Bank
Roseville, MN
1
Eagle Valley Bank
Hudson, WI
1
Eagle Valley Bank
Saint Croix Falls, WI
2
Eastbank
Minneapolis, MN
1
First National Bank - Lakes
Richfield, MN
1
Frandsen Bank & Trust
Forest Lake, MN
2
Highland Bank
Maple Grove, MN
1
Lake Elmo Bank
Lake Elmo, MN
1
Lake Elmo Bank
Oakdale, MN
1
Lake Region Bank
New London, MN
1
Merchants Bank
Hastings, MN
1
Park Midway Bank
Saint Paul, MN
6
Premier Bank
Maplewood, MN
1
Prosperan Bank
Oakdale, MN
3
Tcf Foundation
Minneapolis, MN
1
Tcf National Bank
Edina, MN
2
Tcf National Bank
Wayzata, MN
1
U.S. Bank National Association
Cincinnati, OH
8
Venture Bank
Bloomington, MN
2
Venture Bank
Golden Valley, MN
1
Wells Fargo Bank
Minneapolis, MN
5
Wells Fargo Bank
San Jose, CA
14
Wells Fargo Bank
Sioux Falls, SD
5
Western Bank
Minneapolis, MN
1
Western Bank
Mounds View, MN
1
Western Bank
Oakdale, MN
2

Woodbury Business Loan Advice

Prior to contacting banks 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business 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. Before you sit down to talk with a small business banker, you may want to read up on 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

Invest the time to learn as much as you can about Raising Money. For starters, we recommend you read Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Winona
Get a Business Loan in Worthington

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