Business Loans & Small Business Funding in Saint Paul, MN
Saint Paul, MN is little sister in the duo known as the The Twin Cities, with Minneapolis front and center. Saint Paul may be the smaller, less-publicized city but it is the capital of the state of Minnesota and home to just over 300,000 in the city limits.
The Saintly City, which is a lovely nickname, was named Minnesota’s capital in 1849 when it was incorporated as a city. Another reason why The Saintly City is a wonderful nickname? Saint Paul used to be named Pig’s Eye. I’m quite sure the residents of the city are happier with Saint Paul and The Twin Cities over Pig’s Eye.
The Xcel Energy Center has been a downtown attraction for Saint Paul since 2000. The arena hosts hundreds of concerts and events each year and serves as the home for the NHL’s Minnesota Wild. Saint Paul’s economy extends beyond concerts and local government, with Gander Mountain Sporting Goods and the 3M Company operating in the city limits or directly outside of town.
Whether you’re looking to open the next great franchise or have a thriving daycare business looking to expand, having enough small business funding to support and drive your company forward is important.
It’s with this knowledge that we’ve created the working capital funding company that truly supports small business growth.
Commercial Business Financing In Saint Paul, MN
It still floors us how many small business owners in Saint Paul, MN believe that their best chance at securing small business funding through a small business loan will be through a traditional bank. Unfortunately, the journey to finding the working capital solution that best suits your business usually doesn’t end at your local or national bank. To get the capital you need from a bank, you have to be one of the lucky few who survives their gauntlet of prerequisites.
This gauntlet of conditions and stipulations caused more than 74% of all American owned small businesses to be denied the capital they were seeking. These Saint Paul, MN companies were trying to improve themselves, only to come up empty, seemingly without an idea of where to go next.
Another issue with applying for a traditional business loan is how long it takes to find out whether or not you’ve been approved for funding. It’s not all that uncommon to have to wait 90 days or to hear even word one. What exacerbates the situation is how often companies say they’ve waited six months for an answer about their loan request. That’s ridiculous – what could be taking them so long?
Small businesses in Saint Paul, MN were simply looking for a reasonable solution to secure the funding they needed to grow their businesses; so Fast Capital 360 went out to create a system to do just that.
When owners apply for funding, they’ll receive a straightforward answer in less than two hours, with most small businesses learning their application status in about 60 minutes.
From there, we work with small business owners on a program that will help fund them as soon as possible. During a time of growth and need, speed is at a premium. The way we’ve been able to build our funding alternatives to short-term small business loans is that once approved; customers can see funds in their business bank accounts in less than 24 hours of the next business day. Pretty great, right?
Our reputation has been built on repayment agreements that are fair & transparent and have lead us to become one of the leaders in small business lending in Saint Paul, MN.