The Helm: banking, lending and business insight for Minnesota

Kevin Hegland, senior lending officer for Carver County at Security Bank & Trust Co., reviewing a document with a customer at his desk

How Interest Rates Affect Business Loans: The Fed, the 5-Year Treasury and Your Next Reset The Federal Reserve raised its target rate on September 16, a quarter point to 3.75 to 4 percent. How interest rates affect business loans depends on …

Business Strategy

team coordinate business account opening

Opening a Business Checking Account in Minnesota Most owners prepare to open a business checking account by collecting documents. That gets the account opened. It does not make the account work. The …

Business Strategy

Minnesota business owner checking spring inventory before the selling season

Business Line of Credit in Minnesota: How It Works and When You Actually Need One A term loan and a line of credit both put money in your account. They answer different questions. A term loan buys something. A line of credit covers …

Business Strategy

Minnesota small business owner working the line inside her food truck

Business Loan DSCR: The Formula, the Targets, and How Much You Can Borrow Most owners ask the borrowing question in dollars. How much can we get. Lenders answer it in coverage, and the translation between the two is one …

Business Strategy

small-business-loans

What Lenders Actually Look for in a Small Business Loan Application Most small business loan applications that get declined aren't from bad businesses. They're from owners who prepared for the wrong conversation. They …

Business Strategy

Exit Planning for Minnesota Business Owners: When to Start, What to Get Right, and What Most People Miss Most business owners I talk to know they'll leave their company someday. Very few have done anything to prepare for it. The ones who have usually …

Business Strategy

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