Minnesota Small Business
Small businesses are an important part of Minnesota's economy. Small Business Administration statistics, as published in the SBA Office of Advocacy state profiles, show that there are around 509,732 small businesses in Minnesota, making up roughly 99.5% of all Minnesota-based businesses!
With a workforce of no less than 1.2 million employees, small businesses thrive in the North Star State. During the most recent notable financial year, lending institutions gave out 94,442 loans (under $100,000) that totaled to around $1.3 billion. Financial analysis shows that Minnesota is one of the best places for small business owners to grow their businesses.
Whatever your situation may be, SBA-backed loans are extremely useful for any small business in Minnesota, and SBAExpress.Loans is standing by to provide you with all the help you need to get the financing your small business needs. And it's not just us; many of the major SBA-approved lending partners like Wells Fargo, JP Morgan Chase Bank, and Truist (formerly SunTrust) have branches statewide to service your SBA Express loan needs. Let us help get you connected today!