The BEST lines of credit for businesses in Minnesota

Let Us Be Your Guide in Navigating the Small Business Loan Landscape

Welcome to the hub of small business financing in Minnesota . Here, we recognize the pivotal role that small businesses play in driving the state's economy.

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Minnesota Financing Experts

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Sophia D.

Line of Credit Depot was a lifesaver for my boutique in Minneapolis during COVID-19. Their lending marketplace quickly set me up with a $100,000 line of credit when my business needed working capital. I highly recommend Line of Credit Depot to any Minnesota small business owner searching for financing help.

Current Rates in Minnesota

0% - 2% + Prime From WSJ (8.5% as of 8/8)

$250k available

8.5% as of 8/8

2 weeks to fund

See if you qualify

The Economic Strength of Minnesota

Minnesota showcases a remarkable economic strength, evident in its exceptional business survival rate. According to the Bureau of Labor Statistics, the state boasts the highest five-year business survival rate in the entire United States. This accomplishment underscores the thriving environment for businesses, particularly small businesses, within Minnesota. The state administration recognizes the importance of fostering entrepreneurship and offers various incentives to support the growth and success of entrepreneurs and start-ups. Incentives such as the angel tax credit, research and development tax credit, and opportunity zones contribute to an attractive business climate, encouraging expansion and relocation to Minnesota. These measures demonstrate the state's commitment to providing opportunities and resources for entrepreneurs, further solidifying Minnesota's reputation as a hub for business innovation and economic prosperity.

Small Business Stats:

1.3 million Small business individuals
55.3% business survival rate from 2015-2020
99.5% of businesses are small businesses
87.945 Small Business Optimism Index

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A Vital Rescue for a Minnesota Roofer: How Line of Credit Depot Assisted a Minneapolis Company Through the Pandemic

When the pandemic hit, John's roofing company in Minneapolis saw job requests decline as people delayed home repairs. With less revenue coming in, John was unable to keep up with overhead costs to keep his business operating. Unsure where to find funding quickly, he turned to Line of Credit Depot.

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Guide to Getting a Line of Credit in Minnesota

We provide Businesses in the state of Minnesota with bank-level financing

Apply

Streamline the process by filling out a simple online application. Say goodbye to lengthy paperwork and complex forms.

Compare

Our team of financial experts is dedicated to understanding your unique needs. We'll work closely with you to define the perfect financing option tailored to your business requirements.

Select

Receive a range of offers from our trusted network of lenders. Take your time to evaluate and compare the options available. Choose the one that aligns perfectly with your goals and vision.

Receive

Experience the joy of quick and efficient funding. Within just a few days, your business will have the financial boost it needs to thrive. It's that simple!

"See if you qualify before you apply. Answer a few questions about your business to get a pre-approval."

Matthew Elling