Thriving through Adversity - How a PPP loan moved a small business towards expansion

October 21, 2020

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.…

Therapy OPS- Using an SBA loan to expand their reach into the community

February 05, 2020

Celebrating 5 Years of Service
When husband-and-wife team Chris and Rachel Kuenzli decided to expand Therapy OPS – their occupational, physical and speech therapy clinic – they spent six months pursuing a business loan with another bank.…

SBA 504 Loans

November 05, 2019

Another Year on Top for 21st!

With another solid year of growth and expansion under our belts, we are proud to be the #1 Third-Party Lender Originator of SBA 504 loans 2019 in the State of Minnesota – for the second year in a row!…

Element Indoor Golf

September 26, 2019

Expanding Beyond the Green
 
One round of golf, and you’ll feel right at home.We are driven to make sure your drive is unstoppable. – Brad and Laurie

When business partners Bradley Wohlers and Laurie Barger set out to fund their innovative small business idea – the young entrepreneurs faced immediate rejection.…

Breaking Down The “Twin Cities Top SBA Lenders” List

March 12, 2019

How to choose the best Minneapolis-St. Paul bank of your SBA loan.

For those seeking to start, buy or expand a business – or, for those in need of refinancing – it can be hard to decide which bank is best suited to provide you with an SBA loan.…

Are you ready to talk SBA?

February 09, 2019

Small Business Owners and Prospective Small Business Owners

This post is a little bit of a read, but I think it will be worth it if you are in either of these two categories of people and you’re considering an SBA loan program.…

Starting a Business – Is a Startup the right move for you?

November 10, 2018

Financial considerations to make before you startup.
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.…

SBA 504 Loan Program

November 01, 2018

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*.…

Lilydale, MN our newest bank location

November 01, 2018

Lilydale, Minnesota – this small town of just 900 residents is tucked away in the East Metro area of the Twin Cities. With captivating Mississippi River views and more than 100 years of history,…

BevSource: A Strong, Women-Owned Business

October 02, 2018

There’s no beverage challenge BevSource won’t tackle.
Whether it is an idea for a flavored beer, hard cider, recovery drink, or vitamin-spiked water, BevSource, a women-owned business can help novice entrepreneurs,…

From Employees, to Partners to Owners - How E & M Manufacturing remains a local leader both nationally and internationally.

April 05, 2018

With pinpoint precision, E & M Manufacturing, Inc. builds, creates and fabricates unique, complex and often one-of-a-kind parts, tooling and commercial grade hinges for businesses, engineers and companies across the nation and internationally.…

Buying a Business: Part 2 of Our Owning a Business Series

March 16, 2018

In my last article, I provided an introduction as well as an explanation of Phase I of the process of owning a business. I highly recommend reviewing that content before learning more about buying a business.…

Owning a Business, Is It Right for You? Here's What You Need to Know

March 07, 2018

An Advisor’s Approach to Business Acquisition SBA 7a Lending
Far too often that First Time Purchasers, looking at owning a business walk into a large bank with no referral,…

SBA Loan Lending in Minnesota Up Nearly 4%

February 27, 2018

Minnesota SBA Loans Increased Over Last Year (SBA.gov)
Minneapolis – SBA loan guarantees in Minnesota have grown by 3.9 percent in the fiscal year 2018. So far this year, nearly $208 million in SBA loans have been approved,…

Twin Cities Top SBA Lenders

December 15, 2017

Top SBA Lenders List – Minneapolis/St. Paul Business Journal
We made the list! –  12/15/17 –21st Century Bank was named on of the Top SBA Lender in in the Minneapolis/St. Paul Business Journal.  …

21st Century Bank Receives Prestigious Top SBA Lender Award

October 02, 2017

(Minneapolis, MN) September 29, 2017 – The U.S. Small Business Administration (SBA) of Minnesota has awarded 21st Century Bank a Minnesota Lenders Award for their personalized approach as an SBA lender to helping local businesses succeed,…