Small Business Financing Willmar MN

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

Kyle K. Wallentine, CFP®
(320) 235-5600
776 Bus Hwy 71 N #4
Willmar, MN
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. John D. Holthusen, CFP®
(320) 235-5600
776 Business Hwy 71 North
Willmar, MN
Firm
Holthusen, Madden & Associates
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Robert G. O'Fallon, CFP®
(320) 214-7837
1604 S. 1st St.
Willmar, MN
Firm
AnfinsonThompson Financial Ser
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning

Data Provided By:
US Bank - Willmar Office
(320) 231-8201
318 2nd St SW
Willmar, MN
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 05:30 pm
Tue 07:30 am to 05:30 pm
Wed 07:30 am to 05:30 pm
Thur 07:30 am to 05:30 pm
Fri 07:30 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Edward Jones
(888) 891-1460
118 Lake Ave N
Spicer, MN

Data Provided By:
Mr. Michael A. Gramm, CFP®
(320) 235-3727
217 Industrial Ave SW
Willmar, MN
Firm
Westberg Eischens, PLLP

Data Provided By:
Mr. Paul W. Parker, CFP®
(320) 235-0234
P O Box 656
Willmar, MN
Firm
Latham & Parker

Data Provided By:
Mr. Jonathan D. Kreps, CFP®
(320) 235-8065
309 Lakeland Dr SE Ste 2
Willmar, MN
Firm
JD Kreps Financial Group
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Wells Fargo - Willmar
(320) 235-2222
101 19Th Ave Sw
Willmar, MN
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 08:00 AM-02:00 PM
Sun Closed

Michael Helffrich
PFP Advisors, Inc.
(612) 789-9671
1933 Arthur Street, NE
Minneapolis, MN
Expertises
Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Tax Planning, Planning Issues for Unmarried & Same-Sex Couples, Advising Employee Benefit Plan Participants, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, M.Div., MBA

Data Provided By:

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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