Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

Detroit Lakes, Minnesota Business Loan

 
Loan Census SBA Loan Info

Small business loans in Detroit Lakes, Minnesota are available. You just need to talk to the right bank.

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

Local Detroit Lakes Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Detroit Lakes.

Small Business Bank Recent SBA Loans
American National Bank of Minnesota  
Bremer  
First Security Bank-sleepy Eye 3
Lakes Mortgage Group  
Midwest Bank 10
Wells Fargo Bank Minnesota NA - Central Market  
Wells Fargo Bank NA - Phone Bank  

Banks that Lend to Detroit Lakes Businesses

Banks outside of Detroit Lakes will often lend to entrepreneurs in Detroit Lakes, MN. Here's a list of out-of-area banks that have recently made loans to Detroit Lakes entrepreneurs. Some of these banks may have local branches but underwrite the loans from an out-of-area banking location, either from another city in Minnesota or from out of state.

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Community Devel Bank FSB
Ogema, MN
3
Red River State Bank
Halstad, MN
1
U.S. Bank National Association
Cincinnati, OH
1
Wadena State Bank
Wadena, MN
1
Wells Fargo Bank
Minneapolis, MN
3
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank
Sioux Falls, SD
1

Detroit Lakes Business Loan Advice

It's inevitable.

"I need to learn how to get a small business loan." you'll think to yourself.

Maybe you need a $30,000 small business loan to upgrade your business. Perhaps you need a $100,000 business loan to launch the company.

It's time to visit with a small business banker in Detroit Lakes.

Sure, there are other options: person to person loans, private equity funds, and merchant cash advance companies, to name a few.

But, when all is said and done, procuring a loan from a local bank is often the easiest way for a small business to obtain financing to implement defined business plans.

Gaebler.com Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. For starters, we suggest you read Getting a Small Business Loan.

More Business Loan Info for Minnesota
Get a Business Loan in Crookston
Get a Business Loan in Duluth

Browse All Business Loan Sources for Minnesota