SBA Loans in Minneapolis, 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’s SBA loans in Minneapolis, MN make funding easy for small businesses. Our competitive rates and tailored support simplify your journey to success. Achieve your goals with a trusted partner by your side.
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 Minneapolis SBA Loans
StartCap helps businesses in Hennepin County thrive by offering a range of financial solutions designed to meet their needs. Whether you're looking to expand, improve cash flow, or take on new projects, we’ve got you covered.
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 SBA Loans Near Minneapolis, MN
Entrepreneurs in Minneapolis and surrounding areas can rely on financial solutions that help them grow. Our tailored support is designed to meet your needs and help you reach your full potential. From Saint Anthony to Richfield and beyond, we're your credit line specialists.
SBA Loan FAQ's
Minneapolis, MN thrives with an entrepreneurial spirit, where local business founders seek strategic financial support through Small Business Administration (SBA) loan programs. The Twin Cities metropolitan area offers multiple avenues for small enterprises seeking capital investment across diverse industries.
Here are a few local suggestions:- U.S. Bank at Nicollet Mall & 6th Street
- Wells Fargo at Hennepin Avenue & 7th Street
- TCF Bank at Washington Avenue & 2nd Street South
- Minnesota Bank & Trust at Lake Street & Lyndale Avenue
- North Star Bank at Franklin Avenue & Nicollet
- Bremer Bank at Central Avenue NE & Broadway Street
SBA loan programs like 7(a), 504, and microloans provide critical funding for equipment purchases, working capital, real estate acquisitions, and business expansion strategies. Local financial institutions understand Minnesota's dynamic business ecosystem and offer tailored financing solutions for emerging companies.
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 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 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 Minneapolis, MN, SBA loans support diverse businesses across Hennepin County's economic landscape. Small enterprises like local restaurants, service contractors, retail shops, and technology startups frequently qualify for financing through the Small Business Administration's programs.
Service-oriented businesses including plumbing companies, HVAC specialists, electricians, and lawn care services often meet SBA lending criteria. Manufacturing firms, professional consulting practices, and medical clinics operating within Minneapolis city limits can also access these critical financial resources for growth.
