Small Business Loans Grand Forks ND

Local resource for applying for a small business loan in Grand Forks. Includes detailed information on local businesses that provide access to loan officers who guide you through obtaining small business loans such as guaranteed government loans, direct bank loans, private entity loans, SBA-backed loans as well as equity financing and bonding programs and will help you create a business plan.

1st Liberty Federal Credit Union
(701) 772-9519
3197 S 17th St
Grand Forks, ND
 
American Dream Mortgage
(701) 738-0013
510 N Washington St
Grand Forks, ND
 
Alerus Property Management
(701) 795-3200
2300 S Columbia Rd
Grand Forks, ND
 
PayDay Express
(701) 795-5783
2124 Gateway Dr
Grand Forks, ND
 
Gate City Bank
(701) 792-4350
2850 24th Ave S
Grand Forks, ND
 
Silver Dollar Pawn Shop
(701) 746-7636
2850 24th Ave S
Grand Forks, ND
 
America's Home Loans
(701) 795-1606
510 N Washington St
Grand Forks, ND
 
Area Community Credit Union
(701) 772-2690
2800 S Washington St
Grand Forks, ND
 
Alerus Financial
(701) 795-3200
2401 Demers Ave
Grand Forks, ND
 
AgCountry Farm Credit Services
(701) 775-3193
2424 32nd Ave S
Grand Forks, ND
 

Small Business Loan

A small business loan can come in many forms. You can get an SBA-backed loan, a direct bank loan, a private entity loan or a guaranteed government loan to fun your needs. One thing is certain - the loan office you deal with will want to see your small business plan. Don’t even think about applying for a small business loan without one.

Your business plan is the physical representation of your existing business or start up idea on paper. It can also be the difference between acceptance and denial from the loan officer on your loan application. A solid small business plan can help you get a loan regardless of the source, and there are many benefits to getting other than a private entity loan, particularly when you take advantage of financial services and business tips available from the Small Business Administration.

While you could go with a direct bank loan, a guaranteed government loan or a loan from family, friends or a private investor on your own don’t rule out an SBA-backed loan. The Small Business Administration loan program helps finances small businesses although they do not directly offer monetary lending. Instead, when you apply for an SBA-backed loan you are asking the Small Business Administration to guarantee you will pay back your loan. Having them behind you gives your business validation and the SBA has a wealth of tools to help you get to the point where they will back your application with your local bank or credit union.

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