Getting Approved for
Commercial Loans in Minnesota

Commercial loans in Minnesota: Over the years, businesses used traditional funding sources, like banks, to get the capital needed to finance their business operations.


Now more and more private lenders are moving to the forefront to help borrowers to meet those businesses needs.  Knowing your options to get a commercial loan in Minnesota is easier when going to a private lender.


Private lenders in Minnesota can offer loan options that most traditional lenders don't. 


Gaining knowledge about the commercial loans available will help you decide where to go. If you are looking for more viable options, talking to a Minnesota private lender can help you weigh and consider all the options available.


There are several types of commercial loans and below you will find descriptions for a few to get you started.


Construction Loans in Minnesota

Construction loans are usually short-term loans that fund construction projects, such as expansion, or even new development projects.


They are usually contracted for the time the construction is underway and paid back when construction is finished. 


Generally the loans are extended for 6 to 12 months. In some cases, the loan can be extended for up to 72 months.


Construction loans provide businesses with funding for permits, supplies, or even project start-up costs.


Bridge Loans in Minnesota

Bridge loans are loans offered by Minnesota private lenders to help support your business when you are waiting for primary funding.


Generally this type of loan is offered by private lenders because they are considered too high risk for traditional lenders such as banks, and other financial institutions.


This form of loan is given to a business to help pay for things like seasonal inventory, equipment repairs, payroll, or even day operations within a business. 


Bridge loans help a business continue running until they can get more permanent funding from another lending, or investment source.


Many times, these are a partial amount of the overall funding that is needed or pending, and the loan is paid off when the funding arrives.  


This type of loan is designed to last up to 12 months as the need is there and then paid off.


Minnesota Geographical & Regional Information


Minnesota is known as “The North Star State” and in 2012, listed over 5.3 million residents ranking 12th in the nation.


The highest point in Minnesota is “Eagle Mountain,” and the average annual household income is around $40,000.


Minnesota is ranked 6th in the nation when it comes to agriculture production annually. 


Minneapolis

Plymouth

Coon Rapids

Saint Paul

St. Cloud

Burnsville

Rochester

Eagan

Blaine


Duluth

Woodbury

Lakeville

Bloomington

Maple Grove

Minnetonka

Brooklyn Park

Eden Prairie

Apple Valley


Private Lenders in Minnesota and 
Hard Money Loans

Searching for, and partnering with the right lender is a very important decision. There are many considerations, deciding between a traditional lender, or a Minnesota private lender.


At Business-Funding-Advisors.com, we can help you when it comes to commercial loans in Minnesota, whether it be hard money loans, bridge loans, construction loans, etc.


Our consultants will help you in weighing your options when it comes to commercial loans in Minnesota.


And our network of Minnesota private lenders means that we can find the right loan for your business.


Because these are private-sourced loans, lenders set their own lending guidelines and criteria, not being subjected to FDIC regulations.


The advantages to you are that many more loans are approved! And instead of waiting several months for a bank approval, private lenders will approve your loan in a matter of days, or a few weeks!


If you're needing commercial loans in Minnesota, fill out our quick form below. One of our consultants will contact you within 24 hours.



QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

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Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

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Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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