Small Business Financing Elk River MN

Looking for Small Business Financing in Elk River? We have compiled a list of businesses and services around Elk River that should help you with your search. We hope this page helps you find Small Business Financing in Elk River.

Jon Govin
Summit Wealth Advocates, LLC
(763) 712-5879
227 East River Parkway
Champlin, MN
Expertises
Ongoing Investment Management, College/Education Planning, Advising Employee Benefit Plan Participants, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA, PFS

Gregory Zandlo
North East Asset Management
(763) 785-9541
11465 Robinson Drive NW, Suite 250
Minneapolis, MN
Expertises
Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, High Net Worth Client Needs, Ongoing Investment Management, Planning Concerns for Corporate Executives, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Ronald J. Bardine, CFP®
(763) 441-5755
11070 183rd Circle, NW
Elk River, MN
Firm
Raymond James Financial Serv

Data Provided By:
Mr. Nicholas Ray Bormann, CFP®
(763) 428-6525
13510 Rogers Dr
Rogers, MN
Firm
Wells Fargo Advisors

Data Provided By:
Mr. Douglas James Prahl, CFP®
(763) 295-1822
PO Box 1519
Monticello, MN
Firm
Edward Jones Investments
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning

Data Provided By:
Roger Kruse
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

Tiffany Brynteson
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CRPC

Mr. Stephen R. Lucht, CFP®
(763) 497-9386
6583 W Laketowne Drive NE
Albertville, MN
Firm
Lucht & Associates, Inc.
Areas of Specialization
Tax Planning

Data Provided By:
Mr. David A Nordmeier, CFP®
(763) 428-0066
21025 Commerce Blvd
Rogers, MN
Firm
Midwest Wealth Advisors
Areas of Specialization
General Financial Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided By:
R. Brook Hansen
11132 Commerce Lane North
Champlin, MN
Company
Title: CLU ChFC AEP
Company: Select Client Services
Type
Investment Advisor Rep: Yes
Education
American College of Financial Services
Years Experience
Years Experience: 15
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,4

Data Provided By:
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Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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