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

Small Business Lenders in Groton, South Dakota

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Groton, South Dakota, we've assembled a list of local small business banks that you should contact.

Local Groton Business Loan Sources

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

Small Business Bank Recent SBA Loans
First State Bank  
Wells Fargo Bank NA - Groton  

Other Lending Resources for Groton Businesses

Be sure to speak with bankers outside of Groton, South Dakota. These banks, in the table below, have lent to other Groton 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
First Savings Bank
Hecla, SD
1
Wells Fargo Bank
San Jose, CA
3

Business Loan Advice for Groton Businesses

Getting a bank loan is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy.

It's always a good idea to talk 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 better loan terms than others.

By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.

Remember, before meeting with a banker, 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 educate yourself. If you haven't read it already, we recommend you review SBIR Funding.

More Business Lender Lists for South Dakota Cities
Get a Business Loan in Brookings
Get a Business Loan in Huron

Browse All Business Loan Sources for South Dakota