Did you know that Minnesota is home to over 5,000 lakes? That's more than any other state in the US! The state is also home to 10,000 miles of rivers and streams. With all that water around, it's no surprise that fishing is a popular pastime in Minnesota. In fact, the state has more anglers per capita than any other state in the country.
This unique state is also home to a thriving business community. Small businesses make up the majority of businesses in Minnesota, and they play a vital role in the state's economy.
If you're a small business owner in Minnesota, you might be looking for a loan to help you grow your business. Advancepoint Capital offers business loans up to $1,000,000. We can help you get the funding you need to expand your business and take it to the next level. Contact us today to learn more about our Minnesota business loans.
How Do I Get A
Small Business Loan in Minnesota?
There are a few different ways to get a small business loan in Minnesota. The first step is to understand what type of loan you need and what you can qualify for. There are several types of loans available, each with its own set of qualifications. You'll also need to have a solid business plan and financial statement to show lenders.
Even if you're not sure what type of loan you need, we can help. We'll take a look at your business and help you determine the best way to get funding. We've helped countless businesses in Minnesota get the funding they need to grow and succeed.
The 9 Best
Financing Options and Resources for
Minnesota Small Businesses
Small Business Loans for
SBA Loans in
Merchant Cash Advance in
Business Cash Advance in
Business Line of Credit in
Equipment Financing for
Invoice Financing in
Short Term Small Business Loans in
Long Term Business Loans for
U.S. Small Business Administration
How to Grow Your Business in Minnesota
View the Minnesota Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
Find local assistance
The List of the Most Common Reasons Why Minnesota Businesses Need Financing:
- Access to working capital
- Equipment purchase and repair
- Access capital for inventory
- Business plan expansion
- Cash flow shortages
- Access to capital for emergencies
- Advertising, marketing, and customer acquisition resources
- Create more jobs, recruit employee, and provide training resources
Initiatives, Government Financing Programs, and Grants in Minnesota for Small Businesses:
Minnesota Department of Employment and Economic Development – SBA Financing Programs – The Small Business Administration has financial assistance programs for Minnesota businesses that provide access to debt and equity primarily from banks or other private sources.
Minnesota Department of Employment and Economic Development – Minnesota Small Business Loan Guarantee Program – The Minnesota Department of Employment and Economic Development (DEED) now offers the Minnesota Small Business Loan Guarantee Program. This temporary program, established in response to the 2020 public health emergency, will help Minnesota lenders provide capital to small businesses in Minnesota affected by Coronavirus (COVID-19). These Minnesota Department of Employment and Economic Development relief options can be used for various purposes and can be subordinate to other financing. Allowable loan uses must be exclusively in Minnesota and include machinery or equipment purchases, maintenance, or repair; expenses related to moving into or within Minnesota; employment and economic development, as well as working capital when the working capital is secured by fixed assets when possible.
Minnesota Chamber of Commerce – Economic Development Resources and Business Financing – Minnesota’s largest broad-based business organization representing more than 6,300 companies – and more than half a million employees – throughout Minnesota. The Chamber builds on its legacy as a voice for business by advancing public policy that grows jobs and the economy and providing valuable services to members, so they continue to stay and grow in Minnesota. A business climate that allows for innovation and forward-thinking leadership will help grow the strength of Minnesota’s economy for future generations.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.