Lakeshire Business Funding, a small-business funding broker in Duluth, Minnesota, arranges introductions and never lends. It helps owners in St. Louis County and the Twin Ports compare six funding options and prepares requests for lending partners. Partners review each request, decide whether to fund it, and set every rate and term. Lakeshire does not arrange consumer loans.
Broker vs lender
A lender uses its own money, or money it controls, to make a loan, and it decides whether to approve and what to charge. A broker like Lakeshire does neither of those things. Lakeshire Business Funding sits between an owner and the lenders: we explain the options, help shape the request and send it to partners that offer the right type of funding. Lakeshire Business Funding connects you with lending partners; partners make credit decisions and set rates and terms.
What a loan broker does, step by step
- Listens to what the money is for and how it would be repaid.
- Explains which of the six options fit and how each is paid back.
- Describes what partners in that category usually review.
- Sends the request, with your permission, to a suitable partner.
- Helps you read any offer by its total cost, payment rhythm and security.
What a broker cannot do is approve anything, set a price or promise a result. Those belong to the partner. How a request moves shows where each step sits.
Lending partners and the requests they see
Our partners are lenders and funders that offer working capital, term loans, lines of credit, inventory financing, equipment financing and merchant cash advances. The sectors our partners have confirmed they work with are construction, restaurants, medical and dental practices, and retail and other businesses that carry inventory. A request goes only to partners that offer the type of funding you are looking for.
Lines Lakeshire will not cross
- Promise that a partner will approve, or quote an amount, rate or funding date in advance.
- Present a merchant cash advance to you as though it were borrowed money.
- Arrange personal, payday, auto title, mortgage or SBA loans.
- Ask for a Social Security number or bank details through the website form.
The disclosures set out the broker relationship in full.
Where Lakeshire is
Our office address is 424 W Superior St, Duluth, MN 55802, in St. Louis County. Owners elsewhere in the county and in neighboring Carlton County reach us by phone at (218) 353-6774 and online. The St. Louis County business figures describe the area we write for, and the contact page has every way to reach us.
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