SBA Loans in Mound, 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
Small businesses in Mound, MN can rely on StartCap for SBA loans that deliver results. Flexible terms and simplified processes ensure you get the funding you need without hassle. Start building your success story today.
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 Mound SBA Loans
Businesses in Hennepin County can trust StartCap for flexible financial solutions tailored to their needs. We offer a range of resources designed to help you grow, innovate, and succeed in a rapidly changing marketplace.
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 Mound or nationwide.
Here's a truck load of stuff to get kicked off
Find SBA Loans Near Mound, MN
For those in Mound and nearby cities, finding the right financial tools to grow is now easier than ever. Entrepreneurs can take advantage of personalized solutions designed for success. From Minnetrista to Eden Prairie and beyond, we're your credit line specialists.
SBA Loan FAQ's
Mound, MN sits near Lake Minnetonka, where local business founders seek strategic financial resources for growth. The western suburban ecosystem presents unique opportunities for new enterprises seeking small business administration funding across Hennepin County's dynamic commercial landscape.
Here are a few local suggestions:- Maple Grove Bank at County Road 101 & Hemlock Lane
- Wayzata Financial Services at Lake Street & Central Avenue
- Plymouth Community Credit Union at Highway 55 & Rockford Road
- Excelsior State Bank at Water Street & Lake Street
- Hopkins Federal Lending at Main Street & Eighth Avenue
- Minnetonka Community Bank at Highway 7 & Minnetonka Boulevard
SBA loan programs like 7(a), 504, and microloans provide critical capital for equipment purchases, real estate acquisitions, working capital, and business expansion. Local founders can explore multiple lending options tailored to their specific financial requirements and 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 Mound, 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 Mound, 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.
Small businesses in Mound, Hennepin County, MN can access SBA loan programs for various industries. Retail shops, restaurants, service providers like plumbing contractors, HVAC specialists, and local start-ups near Lake Minnetonka typically qualify for funding through different SBA loan categories.
Qualifying businesses must meet specific criteria, including operating within Mound's economic zone and demonstrating financial stability. Construction firms, professional service providers, and home-based businesses around the western Twin Cities metropolitan area often receive support through 7(a), 504, and microloan programs designed for Minnesota entrepreneurs.
