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

Luverne, Minnesota Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Luverne, 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 looking for a small business loan and your business is based in Luverne, Minnesota, we've assembled a list of local small business banks that you should contact.

Local Luverne Lending Resources

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

Small Business Bank Recent SBA Loans
First Farmers & Merchants National Bank  
First Farmers & Merchants Natl 7
First National Bank of Luvern - Glen's Food  
Minnwest Bank Luverne 13

SBA Lenders for Luverne Businesses

Banks outside of Luverne will often lend to entrepreneurs in Luverne, MN. Here's a list of out-of-area banks that have recently made loans to Luverne 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
1st National Bank - Brewster
Brewster, MN
2
1st National Bank & Tr
Pipestone, MN
1
Capital One
Mclean, VA
2
First State Bank Southwest
Worthington, MN
1
Frontier Bank
Rock Rapids, IA
1
Wells Fargo Bank
Minneapolis, MN
2

Luverne Bank Loan Tips

When your business is growing, it's going to happen.

"Where can I borrow some money for my business?" you'll think to yourself.

Maybe you need a $40,000 small business loan to upgrade your business. Perhaps you need a $100,000 business loan to acquire a competitor.

It's time to sit down with a small business banker in Luverne.

Sure, there are other ways to raise money: borrowing money from friends and family, private equity deals, and merchant credit card advances, to name a few.

But, at the end of the day, getting small business financing from a nearby banker is often the easiest way for a small business to get cash in a hurry to implement defined business plans.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Business Credit Evaluation.

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