Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Fairmont, Minnesota Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Fairmont, Minnesota small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Fairmont, Minnesota, we've put together a list of local small business banks that you should contact.

Local Fairmont Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Midwest Minnesota Iowa Na 14
First Farmers & Merchants Natl 6
Profinium Financial  
State Bank Of Fairmont 1

Business Loan Providers for Fairmont Businesses

Be sure to speak with bankers outside of Fairmont, Minnesota. These banks, in the table below, have lent to other Fairmont 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
Bank Of The West
Salt Lake City, UT
1
Bank Of The West
Windom, MN
1
Bank Plus
Estherville, IA
1
Bremer Bank
Saint Cloud, MN
2
First Bank Blue Earth
Blue Earth, MN
6
First State Bank Southwest
Worthington, MN
1
U.S. Bank National Association
Cincinnati, OH
1
Welcome State Bank
Welcome, MN
2
Wells Fargo Bank
San Jose, CA
2

Fairmont Bank Loan Tips

Borrowing money is one of the most common sources of funding for a small business, but getting small business financing is a time-consuming task.

Improve your odds by talking 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 very competitive loan terms.

Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Business Incubators.

Business Loan Sources for Other Cities in Minnesota
Get a Business Loan in Elk River
Get a Business Loan in Faribault

Browse All Business Loan Sources for Minnesota