The Helm: banking, lending and business insight for Minnesota

Minnesota small business owner meeting with a local bank about a small business loan

Small Business Loans in Minnesota From a Local Bank Every small business loan in Minnesota starts with the same two questions: which loan fits what you are buying, and who will decide it. The second …

SBA & Other Government Loan Programs

Three engineers review a laptop beside automated production equipment in a manufacturing plant

How a Borrowing Base Works for a Minnesota Line of Credit A business line of credit with a borrowing base carries two numbers, and the second one decides what you can draw. The commitment is the most the …

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 manufacturing plant

Manufacturing Business Banking: The Warning Signs You've Outgrown Your Bank The used CNC machine was priced right and ready to go. The seller needed an answer in five days. Your bank needed three weeks just to produce a term …

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