Business Loans & Small Business Funding in Minneapolis
Minneapolis, Minnesota is the largest city in the Land of 10,000 Lakes, thanks to a combined metro population of more than 3.5 million people. Minneapolis is one part of The Twin Cities, along with its sister Saint Paul, and is known nationally for it’s friendly disposition – ‘Minnesota Nice’, as it were.
The City of Lakes is famous for its wide range of cultural exports like the musicians Prince, Tom Waits, and Minnesota Public Radio show A Prairie Home Companion. Minneapolis is also home to five James Beard Award winning restaurants and a dozen other nominees; a clear sign that delicious meals are more than attainable on the northern banks of the Mississippi River.
While it’s the second-largest Midwestern city, it’s the main business center between Chicago and Seattle for the Northern and Prairie states. This business hub holds America’s 10th highest concentration of Fortune 500 companies, which notably includes Target, Best Buy, and 3M. And while malls around the country are closing faster than ever, The Mall of America continues to expand, even hosting different events for Super Bowl LII in February 2018.
Getting started in Minneapolis isn’t easy, as the competition, while nice, is fierce. Beyond the big boys, the main industries in Minneapolis, MN are represented by manufacturing, electronics, food processing, and the graphic arts. In order to compete and win in The Twin Cities, having enough working capital to support and drive your passions is crucial.
It’s this very idea that has directed motivated us to create the small business funding company we have.
Commercial Business Financing In Minneapolis, MN
Businesses that are looking to secure working capital in Minneapolis often begin looking for a traditional business loan. Small business owners look for the funding options that will give them the quickest turnaround time and a partner that will support them. Unfortunately, turning to the big banks isn’t always the best choice for small businesses.
In 2017, it was reported that just over 25% of applicants were approved for traditional bank funding of any kind. While approvals did rise during 2017, banks purposely make the lending process difficult for business owners. There are often hidden terms and conditions and with an additional laundry list of requirements making it nearly impossible to get the capital you need to grow your business.
To make things even more frustrating, traditional banking institutions make many loan applicants wait as much as long as six-months. While the typical wait time is about 90 days, but either way, we know that’s not helpful to you; so we’ve done something about it.
At Fast Capital 360, we let our applicants know about their approval within hours; most applicants only have to wait 60 minutes to be approved for funding.
After your funding program is approved, our funding alternatives to short-term small business loans can appear in your bank account by the end of the next business day. It’s awesome to see how many business owners go from application to cash in their hand in under 24 hours. It’s something our customers love and keeps them coming back.
Our incredible customers and their generous reviews have positioned Fast Capital 360 as #1 on CrowdReviews.com for funding alternatives to small business loans.
Our reputation has been built on repayment agreements that are fair & transparent and are always given to our customers clearly. Customers always know when and how their funding alternatives to traditional loans are repaid. We’ve become a leader in small business lending in Minneapolis, MN thanks to our great customers and our transparent process.
From funding alternatives to loans for manufacturing businesses, retail businesses, or restaurants in Minneapolis, we’ve been providing funds to small businesses for almost a decade and look forward to doing so for decades to come.