Lakeshire Business Funding, a small-business funding broker in Duluth, Minnesota, publishes these guides for St. Louis County owners: preparing for a Minnesota business loan, searching UCC filings, keeping state filings and a sales tax ID current, Duluth licensing, free regional help, credit line renewals and a utilization worksheet. Lending partners, not Lakeshire, decide on funding.
Preparing to borrow in Minnesota
How to get a business loan in Minnesota: a plan in three stages, from this week to the day you apply, with St. Louis County context.
Liens on business assets
Minnesota UCC search: how to find financing statements filed against your business and what they mean for a new request.
State filings and tax accounts
Minnesota business filing, annual renewal and sales tax ID: a checklist of the state records partners commonly confirm.
City licenses in Duluth, MN
Duluth business licenses and city sales tax: questions to work out which local requirements apply, and how to avoid Duluth, GA results.
Help that costs nothing
Small business resources in Duluth and Northeast Minnesota: advising, economic development and community lending organizations by type. Lakeshire Business Funding is not affiliated with any of them, and we do not offer grants.
Credit line renewals
Business line of credit renewal: maturity dates, annual reviews and what happens when a line is not renewed.
Worksheet
Line of credit utilization worksheet: work out by hand how much of one or several lines is in use, then price paying a draw down in monthly installments with the calculator.
A caution about every guide here
Everything here describes general practice. Lenders write their own products and requirements, and agencies change their procedures, so confirm details with the official source or the lending partner before acting.
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