“The Vault” Blog

Element Indoor Golf

When business partners Bradley Wohlers and Laurie Barger set out to fund their innovative small business idea – the young entrepreneurs faced immediate rejection. “We went through a lot of meetings with SBA lenders, and to be quite frank, we were laughed out of some meetings,” said Wohlers. The Mahtomedi, MN native admits, their idea is different – but it had the potential to disrupt the entertainment market in the East Metro area of the Twin Cities.

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Small Business News

Are you ready to talk SBA?

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.

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StartUp Article Photo

STARTUP – Is this the right move for you?

When you’ve determined to be your own boss – whether you’re startup includes an innovative idea for a product or service, or there’s a franchise opportunity you want to get in on – it’s easy to want to jump the gun and focus on getting started. However, before starting or acquiring a business you need to ask yourself some tough questions.

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top SBA 504 for FY2018

SBA 504 Loans

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*.

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