SBA Loans in Bloomington, MN
Unlock the power of the SBA to fuel your business growth, with flexible terms and low rates
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Great Rates, Less Requirements & Smaller Down Payments
StartCap simplifies SBA loans in Bloomington, MN for small business owners. We offer flexible options and expert support to help your business grow. Trust us to provide the funding you need to succeed.
Rates as Low as 6%
Yes, you read that correctly—access SBA loans with competitive rates that help your business thrive.
Terms up to 25 Years
Enjoy long repayment terms, giving you the flexibility to manage your cash flow over time.
Flexible Uses
Use your SBA loan for working capital, equipment, real estate, or other business expenses.
We're More Than Bloomington SBA Loans
For businesses in Hennepin County, StartCap provides customized financial support to help you achieve your goals. From growth to innovation, we offer solutions designed to fuel your business’s success and long-term sustainability.
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Bloomington or nationwide.
Here's a truck load of stuff to get kicked off
Find SBA Loans Near Bloomington, MN
In Bloomington and surrounding areas, entrepreneurs can take advantage of flexible financial solutions that are tailored to help them expand and succeed. Access is easier than ever. From Richfield to Hopkins and beyond, we're your credit line specialists.
SBA Loan FAQ's
Bloomington, MN harbors a dynamic commercial environment with multiple financing resources for business founders seeking Small Business Administration (SBA) loan opportunities. The region surrounding the Mall of America offers diverse lending solutions for local start-ups and established enterprises exploring strategic capital investments.
Here are a few local suggestions:- US Bank at American Blvd & 494
- Wells Fargo at France Ave & 494
- Minnesota Bank & Trust at Penn Ave & 494
- TCF Bank at Old Shakopee Road & Highway 77
- Fairview Credit Union at American Blvd & 35W
- Bremer Bank at 98th Street & Lyndale
SBA loan programs like 7(a), 504, and microloans provide tremendous opportunities for business expansion, equipment purchases, working capital, and real estate acquisitions. Local financial institutions understand Minnesota's economic landscape and can customize lending solutions matching specific business growth strategies.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.Interest rates for SBA loans in Bloomington, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Bloomington, which are popular for new businesses, generally have rates ranging from 6% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.
Yes, your business needs to be registered with the state to qualify for SBA funding. However, to receive funding from StartCap, your business doesn't need to be registered with the state. We can help you explore alternative funding options that rely more on personal credit, income, or assets if you're not registered. Or, we can help you to get registered.
In Bloomington, MN, SBA loans support diverse business types across Hennepin County. Retail shops, professional services, construction contractors, and restaurant establishments near Mall of America frequently qualify. Small manufacturing firms, technology startups, and local service providers like plumbing and HVAC businesses can access these financial resources.
Local founders in MN seeking SBA loan approval must demonstrate strong business plans and financial stability. Businesses operating in sectors such as healthcare services, automotive repair shops, and professional consulting firms near the Minneapolis-Saint Paul metropolitan area often meet lending criteria. Careful documentation and credit history are critical for successful applications.
