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

Business Loan Lake City, Minnesota

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Lake City, Minnesota who are interested in getting a bank loan.

Local Lake City Lending Resources

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

Small Business Bank Recent SBA Loans
Alliance Bank 6
American Bank Lake City  
Lake City Federal Bank  
State Farm Bank  

SBA Lenders for Lake City Businesses

Banks outside of Lake City will often lend to entrepreneurs in Lake City, MN. Here's a list of out-of-area banks that have recently made loans to Lake City 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
Associated Bank
Minneapolis, MN
9
Bank Of Zumbrota
Zumbrota, MN
1
Cit Small Business Lending Corp
Livingston, NJ
1
Eastwood Bank
Rochester, MN
1
Wells Fargo Bank
Minneapolis, MN
2

Tips for Getting a Business Loan in Lake City

Every business owner eventually goes through this.

"Where can I borrow some money for my business?" you'll say.

Maybe you need a $30,000 small business loan to pay your income taxes. Perhaps you need a $1,000,000 business loan to launch the company.

It's time to visit with a small business banker in Lake City.

Sure, there are other options: people to people loans, angel investors, and receivables factoring, to name a few.

But, in the final analysis, getting a loan from a nearby banker is often the better tactic for a small business to raise money quickly to fund growth 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 Attracting Investors.

More Business Lender Lists for Minnesota Cities
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