Start-Up Business Loans in Minneapolis, MN
Ignite your idea's rocket boosters with up to $500,000
+ $20,000 in free digital marketing services
Start Your New Business Right
Launching a venture is exciting, but lack of funding can take the wind out of your sails. With a start-up business loan in Minneapolis, MN, and a great support system, there's no stopping you.
No Collateral? No Problem!
No need to pledge your spaceship—our unsecured loans are designed to let you focus on launching, not stressing.
Terms up to 10 Years
From liftoff to cruising altitude, our repayment options stretch up to 10 years, giving your business room to grow.
Funding at Light Speed2
Need funds fast? We’ll deliver in record time—because the universe waits for no entrepreneur.
Minneapolis Business Loan Options
Turn your business vision into a thriving reality with StartCap. Our expert services and funding solutions are here to support you every step of the way.
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 Minneapolis or nationwide.
Here's a truck load of stuff to get kicked off
Find Start-Up Business Loans
Near Minneapolis, MN
Entrepreneurs in Minneapolis and surrounding Hennepin County, StartCap has your back with funding and resources. Explore the nearby cities we serve and let’s get started! From Saint Anthony to Richfield and beyond, we've got you covered.
Start-Up Loan FAQ's
Minneapolis, MN entrepreneurs discover startup business financing feels like solving a complex puzzle with multiple missing pieces. Traditional local lenders often require extensive documentation, solid credit histories, and substantial collateral, making initial funding challenging for new business owners in the Land of 10,000 Lakes.
Here are a few local suggestions:- Wells Fargo Bank at Nicollet Mall & 7th Street
- U.S. Bank at Hennepin Avenue & 4th Street
- Sunrise Banks at University Avenue & Prior Avenue
- Minnesota Bank & Trust at Grand Avenue & Hamline Avenue
StartCap understands the local landscape and recognizes that securing startup business loans demands strategic planning and comprehensive financial preparation. While local institutions might hesitate, alternative funding sources like SBA microloans, community development financial institutions, and regional economic development programs can provide critical support for Minnesota entrepreneurs.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & minimum requirements.Interest rates for start-up business loans in Minneapolis, 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 Minneapolis, which are popular for new businesses, generally have rates ranging from 7% 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. Alternatively, many business & personal credit cards have introductory rates starting at 0% for up to 2 years.
No, not always—it depends on the type of loan you're applying for. Some funding options require business registration, while others focus on personal credit, income, or assets instead. If your business isn’t registered yet, don’t worry! We can either guide you through the registration process or explore funding alternatives that don’t require it.
Yes, Minneapolis, MN offers several local startup grants for entrepreneurs. The Minneapolis Economic Development Authority provides targeted funding resources for small business owners seeking initial capital. Local programs like the Blueprint Small Business Grant and Metropolitan Council's Economic Development Fund offer financial support for qualifying startups.
Additional grant opportunities exist through organizations such as the Greater Minneapolis Council of Churches Business Development Program and the Minnesota Emerging Entrepreneur Program. These initiatives specifically target minority-owned and women-owned businesses, providing critical seed money ranging from $5,000 to $50,000 for promising local enterprise innovations.
