Is it the best-kept secret for today’s small business?
With the steady growth and expansion of Minnesota’s small business community, 21st Century Bank (“21st”) is proud to be #1 Third Party Lender Originator – of SBA 504 loans in the State of Minnesota for FY18*.
While there are still many hurdles ahead, many of 21st Century Bank’s small business customers are ready to make some major choices.
A PPP loan wasn’t the only thing that Element Indoor Golf and 21st Century Bank came together. When business partners Bradley Wohlers and Laurie Barger set out to fund their innovative small business idea, the young entrepreneurs faced immediate rejection.
When COVID-19 first struck, Chief’s Towing felt the crunch. Here’s how they were able to turn things around with a PPP loan through 21st Century Bank.
As a lender who has been very active in SBA 504 and 7a for the past 10 years, I still see a lack of knowledge base on when to use SBA products—many customers never get the benefit from these programs as these are programs that most banks don’t know how to use effectively. If greater understanding from bankers, customers, and advisors existed, there would be even greater usage of the program; small businesses would be better positioned to grow; and there would be more benefit to the economy.
We can all agree – it has been one heck of a year so far, for all of us. As we continue to navigate this global pandemic, both as individuals and small business owners, we must take time to be thankful for what we have and what we’ve accomplished.
Like many of our customers, Replace found itself in a position where it needed a PPP business loan amid the pandemic.
The first thing you’ll probably notice about Jeff Johnson, founder of Replace, is his beard. The second thing? His heart.
When COVID-19 first struck, Carrie Drephal had a different experience than many small businesses. Drephal’s web design company, JCD Promotions, was flush with business. “For a month straight, I was working on constant changes for websites and sending more estimates than I ever had for clients looking to build a new website,” said Drephal.
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