Helping Small Businesses Launch and Grow

BankCherokee knows small business loans. The SBA (Small Business Administration) is the nation’s largest single financial backer of small businesses. The SBA offers a number of programs to help small businesses launch and grow. Our lending team understands the SBA programs and is determined to make the process simple, quick, and work alongside you to keep the costs associated with securing an SBA loan as low as possible for business owners like you.

“As a member of the Twin Cities business community for more than 100 years, BankCherokee is pleased to be recognized as a Preferred SBA Lender,” said bank owner and Board Chair Heidi Gesell. “It represents the wonderful job that our business lenders are doing to serve our customers and to provide financing solutions catered to their unique small business needs.”

BankCherokee’s designated Preferred SBA Lender status not only means lenders are familiar with all of the program options provided by the SBA, it means that BankCherokee can approve most SBA loans in-house, getting small businesses the critical resources they need, and often very quickly.

Three lending options available through BankCherokee include the SBA 7(a) program, which provides qualified businesses with up to $5 million. Funds can be used to finance a wide variety of business needs including working capital, equipment, real estate and business acquisitions. The SBA Express program is ideal for small business lines of credit up to $500,000 for small business expenses. The 504 program funds real estate and fixed asset purchases at lower interest rates and with less down payment than is generally required with conventional financing.

“The Small Business Administration has specific criteria for businesses to qualify for SBA financing,” said Christine Young, BankCherokee Senior Vice President – SBA Lending Manager. “Our seasoned team of lenders are here to help business owners navigate the process.”

BankCherokee is committed to helping small businesses in the Twin Cities realize their full potential. To learn more about BankCherokee’s SBA loan programs and how your business could qualify, contact Christine Young today at cyoung@bankcherokee.com or 651-291-6211.