• Business Banking Checking Accounts Business Checking
  • Personal Banking Savings Accounts Business Savings
  • Business Banking Conventional Loans Conventional Loans
  • Personal Banking Property Loans Investment Property Loans
  • Business Banking Practice Loans Practice Loans
  • Business Banking SBA Loans SBA Loan Programs
SBA Loans

Business Checking

21st Century Bank is a leading, full-service commercial bank offering tailored personal and business banking solutions and services.


 

21st Commercial Checking

Use your money to effectively manage your cash flow.


 

21st Business Checking

The financial solution you need to efficiently manage and grow your business.


 

21st Non-Profit Checking

A low-cost banking solution for non-profit and community organizations with competitive interest rates.

We invite you to learn more about our products and services to fit your small business banking needs.   To open a business bank account, call 1-763-792-3705 or email: bbanking@21stcb.com.

 

Member FDIC Insured Deposits Brochure

 

21st Commercial Checking Details
  • No minimum balance
  • $100.oo opening deposit
  • $12.00 monthly service fee
  • Activity charges: $0.25 per deposit; $0.15 per debit/check; $0.10 per check deposited
  • Earnings credit applied towards service fee and activity charges
  • Uncollected funds usage charge set at the highest Wall Street Journal Prime Rate + 2% (adjusted daily)
  • Free monthly e-statement with check images ($6.95 per month for paper statement)

 

21st Business Checking Details
  • $500.00 minimum balance
  • $100.00 opening deposit
  • 25 free deposits per month ($0.25 per deposit over 25)
  • 50 free debits/checks per month ($0.25 per debit/check over 50)
  • 50 free credits/checks deposited per month ($0.25 per credit/check over 50)
  • $10.00 service fee per month if the minimum balance is not maintained any day of the month
  • Free monthly e-statement with check images ($6.95 per month for paper statement)
21st Non-Profit Checking Details
  • $500.00 minimum balance to earn interest
  • $100.00 opening deposit
  • $500.00 minimum balance or $5,000.00 combined balance of additional non-profit accounts ($5.00 service fee per month if minimum balance or combined balance is not maintained any day of the month and $0.35 per debit fee over 10 debits/checks per month)
  • Tiered interest rates
  • Interest compounded daily and paid monthly
  • Free monthly e-statement with check images ($6.95 per month for paper statement)
  • For current rate information, please call an office near you
SBA Loans

Business Savings

As your business grows, save for your financial goals.


 

21st Business Savings

A convenient way to save money with a low minimum balance requirement at a competitive interest rate.


 

21st Commercial Money Market

Earn more as your balance grows with tiered interest rates.

We invite you to learn more about our products and services to fit your small business banking needs. Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

21st Business Savings Details
  • $200 minimum balance to earn interest
  • $200 opening deposit
  • $200 minimum balance ($9.00 service fee per quarter if minimum balance is not maintained any day of the quarter)
  • Nine free debits per quarter with no more than six per month ($0.50 per debit fee thereafter)*
  • Interest compounded daily and paid quarterly
  • Free quarterly e-statement ($6.95 per quarter for paper statement)

 

*Federal regulation restricts the number of telephone transfers, online banking transfers, checks, debit card transactions and preauthorized transfers on all savings accounts and money market accounts to six (6) per month, but unlimited transfers and/or withdrawals are allowed if done in person, by mail, at an ATM or for loan payments at our bank.

21st Commercial Money Market Details
  • $2,500.00 minimum balance to earn interest
  • $2,500.00 opening deposit
  • $2,500.00 minimum balance ($13.00 service fee per month if minimum balance is not maintained any day of the month)
  • Three debits/checks per month plus three transfers per month ($0.35 per debit fee thereafter)*
  • Tiered interest rates
  • Interest compounded daily and paid monthly
  • Free monthly e-statement ($6.95 per month per paper statement)

 

*Federal regulation restricts the number of telephone transfers, online banking transfers, checks, debit card transactions and preauthorized transfers on all savings accounts and money market accounts to six (6) per month, but unlimited transfers and/or withdrawals are allowed if done in person, by mail, at an ATM or for loan payments at our Bank.

SBA Loans

Conventional Loans

Work with our experienced Lending Team using our financial resources to help your business grow.


Lines of Credit

  • Fast, convenient and affordable way to access short-term funds.
  • Interest only payments on the funds you borrow.

 


Equipment Financing

  • Longer-term financing for equipment purchases, acquisitions, vehicle purchases and other capital expenditures.

 


Commercial Real Estate

  • 21st Century Bank provides both conventional and SBA 504 options for commercial real estate financing. Our expertise ensures a smooth process.

 

For more information on how Conventional Loans can benefit your small business, contact a lender in your area. 

 

SBA Loans

Investment Property Loans

Purchasing investment real estate is a significant step. We have the expertise and financing options to assist you with virtually every type of real estate:

  • Non-owner occupied commercial real estate
  • Multi-tenant office buildings
  • Shopping centers
  • Multiple or single family dwellings

 

For more information on Investment Property Loans  

SBA Loans

Practice Loans

Rely on our industry knowledge to identify the right financing for your practice and save on financing to help your practice grow.


Build a Practice

  • Finance architectural and design fees, construction and other project expenses

 


Grow a Practice

  • Fund everything you need to keep growing and improve your practice
  • Improve cash flows by refinancing existing debt
  • Financing for purchasing the equipment you need

 


Purchase a Practice

  • Get the working capital you need to move your business forward

 

For more information on securing a Practice Loan, contact a lender in your area. 

 

SBA 7(a) Loan Program

SBA LogoThe Small Business Administration (SBA) offers a variety of lending opportunities for small business practice loans.

 

SBA 7(a) -Loan terms and rates vary based on the type of loan. But on average, loans are available for up to $5 million dollars, with a maximum SBA guarantee of 85 percent for loans up to $150,000 and 75 percent for loans greater than that.

 

Utilizing the SBA 7(a) loan will keep your rates within the SBA-approved range. However, loan rates will vary based on the total amount and repayment period.

SBA Loans

SBA Loan Programs

If you’re starting a new business or you’re ready to improve or expand your existing business and searching for funding, then you’ll want to understand what an SBA loan is.  It is a term that gets confused with its connection to a government entity, the Small Business Administration (SBA).

  • An SBA loan is one that is partially guaranteed by the SBA, which eliminates some of the risks for the financial institution who is issuing the loan.
  • It is not the SBA who is doing the lending. The SBA works collaboratively with a network of approved financial institutions to offer SBA loans to small businesses with better terms.

 

21st Century Bank is one of a select group of SBA Preferred Lenders, consistently ranking in the top 10 for Minnesota Lenders.

Benefits of working with an SBA Preferred Lender:

  • In-house approval for quick turnaround
  • Dedication to serving the small to mid-size business community
  • The expertise and wide range of tools to serve all of your financial needs

 

In 2017, the U.S. Small Business Administration (SBA) awarded 21st Century Bank a Minnesota Lenders Award for our personalized approach to helping local businesses succeed, noting our commitment, hard work, sound business knowledge and advice along with tailored services to help companies to reach their goals.

Our flexible SBA solutions include: (see program details for more info)
SBA 7(a) Program
SBA 504 Program (“21st” is #1 in SBA 504 loans -FY18)
SBA Express Program

An SBA loan offers numerous advantages to borrowers over conventional financing including:

  • Lower down payment to conserve cash for your business
  • Longer terms – up to 7  years for working capital, ten years for equipment, and
    25 years for real estate
  • Lower monthly loan payment
  • Long-term, fully-amortizing terms – no balloon
  • Flexible collateral requirements
  • Loan Amounts up to $5 million

 

Learn first-hand how Bev Source and E & M Manufacturing worked in partnership with 21st Century Bank to position their small business for long-term success.

For more information on how an SBA loan program can benefit your small business, contact a lender in your area.

 

 

 

 

 

 

SBA7(a) Program Details

The SBA 7(a) Loan Program lets you get loan amounts (up to $5 million) to fund startup costs, buy equipment and more. The program offers the most flexible and longest-term loans and may be used for everything from start-up and real estate to working capital and equipment.

 

Here’s what else you can do with SBA 7(a) funds:
Purchase new land (including construction costs);
Repair existing capital;
Purchase or expand an existing business;
Refinance existing debt;
Purchase machinery, furniture, fixtures, supplies or materials

SBA 504 Program Details

If you’re looking to expand or modernize your small business, the SBA 504 Loan Program may be a viable option. The program is designed to help small businesses grow; funds can be used to make purchases for real estate and equipment. It provides long-term financing with low down payment options.

 

SBA 504 Loan funds can be used to:

Purchase land;
Purchase existing buildings;
Purchase long-term machinery and equipment;
Purchase improvements (including grading, street improvements, utilities, parking lots and landscaping);
Build new facilities or modernize, renovate or convert existing facilities.

 

The SBA 504 loan cannot be used for:

Working capital or inventory;
Consolidating, repaying or refinancing debt (although for a portion of the project, you may refinance debt associated with buying or renovating equipment or facilities); or
Speculation or investment in rental real estate property.

 

SBA Express Program Details

Provides working capital lines of credit for manufacturing, wholesale, services, and retail businesses. May be used to finance inventory, accounts receivable and more.

SBA Resources (Plan, Launch, Manage and Grow)

10 Steps to Start Your Business

Plan Your Business

Launch Your Business

Manage Your Business

Grow Your Business

SBA Business Learning Center 

Customer and Product Stories

Are You Ready to Talk SBA?

Customer Profile:  BevSource

Customer Profile:  E & M Manufacturing

SBA Loan Checklist

The following is a list of information typically required during the loan process:

  • Personal & Business Federal Tax Returns – for the last 3 years with all supporting schedules (Required on all guarantors and/or all individuals who own 20% or more of the business)
  • If the loan is for an existing business – Year-to-Date Balance sheet and Profit & Loss statement are required. (Must be dated within 90 days of application).
  • 2-Year Projection of Earnings – (required if less than 3 years of historical statements are available)
  • Accounts Receivable and Accounts Payable Aging Reports –may be asked at the banks discretion depending on use of proceeds and collateral offered
  • If any owner/borrower has a controlling interest in another business, 3 years of financial information must be submitted on each affiliate entity
  • For a Franchise purchase include Uniform Franchise Offering Circular (UFOC)
  • Purchase Agreement (applies only to acquisitions or real estate purchases)
  • For a list of specific information/application needed, talk to a lender

Cash Management Services: Business Banking

  • Mobile banking icon Business Online Banking
  • Mobile Deposit Icon Remote Deposit
  • Money exchange icon Automated Clearing House (ACH) Origination
  • Wire transfer icon Wire Transfers
  • Online bill pay icon Online Bill Pay - iPay
  • merchant credit card services icon Merchant Card Processing
  • Sweep services icon Sweep Services
Sweep Services

Business Online Banking

Tailored for Your Success

  • Account management 24/7
  • Tracking of transactions in real time
  • View images of checks
  • Access account statements
  • Transfer funds
  • Dual control options
  • Multiple levels of security available

 

 

 

Call 21st Century Bank - Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

Sweep Services

Remote Deposit

Deposit checks into your 21st Century business account without ever leaving your office.

  • Reduce trips to the bank
  • Same day credit if processed before the cut off time
  • Secure transmissions
  • Eliminate fear of lost or stolen checks
  • Utilizes easy to use desktop scanner
  • Help desk available for questions or concerns
Call 21st Century Bank - Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

 

 

 

Sweep Services

Automated Clearing House (ACH) Origination

Provides the flexibility of securely originating ACH debit or credit transactions through 21st Century Bank Business Online Banking.

  • Streamline your payment process
  • Eliminate costs associated with check processing
  • Expedites payments
  • Improves cash flow
  • Benefits employees and vendors
  • Payments can be originated in advance
  • Process return items more efficiently
Call 21st Century Bank - Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

 

Sweep Services

Wire Transfers

Convenient and secure way to receive or send same day payments.

  • Domestic and foreign wires
  • Secure method of payment
  • Payments available in US dollars or foreign currencies
Call 21st Century Bank- Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

Sweep Services

Online Bill Pay - iPay

Save both time and money by paying bills online.

  • Available through 21st Century Bank Business Online Banking
  • Make one time payments or schedule future or reoccurring payments
  • Easy to use
  • Total control over changing, rescheduling or canceling payments
  • Safe and secure

 

See what Business Online Banking can do for you.
Just getting started – click here to learn more.

(Note: trouble viewing?  – copy/paste into alternative browser, i.e. Chrome or Internet Explorer)

 

Call 21st Century Bank - Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

 

Sweep Services

Merchant Card Processing

Enjoy the convenience of being able to accept all major credit cards, Visa, MasterCard, American Express or Discover. 21st Century Bank has partnered with a secure processor to offer you the most advanced payment processing technology available for merchant credit card payments.

  • Faster transaction processing time
  • Decreased processing and administrative costs
  • Several processing solutions, tailored for your needs
Call 21st Century Bank - Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.

 

Sweep Services

Sweep Services

Optimize your available funds.

  • Earn interest on excess balances while keeping your funds liquid
  • Eliminate or reduce overdraft charges
  • Reduce the time and expense of monitoring daily cash flow
  • Maximize interest earnings
  • Transaction limitations for Money Market Accounts and Savings accounts apply
Call 21st Century Bank- Business Banking Team

We invite you to learn more about our products and services to fit your small business banking needs.  

Call 1-763-792-3705 or email: bbanking@21stcb.com.