we’re Making a Big Impact on Small Business Success
Highland Bank, an SBA Preferred Lender, has built a reputation as a leading provider of U.S. Small Business Administration (SBA) loans.
In 2016, the bank was awarded SPEDCO’s “Bank of the Year” for approving and closing more SBA 504 loans with SPEDCO than any other MN financial institution.
Here at Highland Bank, we work closely with the SBA to help local small businesses thrive. Kim Storey, SBA Manager at Highland Bank, is proud of the key role we play.
“We’re one of a select few SBA Preferred Lenders in the Twin Cities area, and we currently have more than $5 million in SBA loans to local small businesses. Those businesses and that money make a big impact in their communities,” Storey emphasized.
The Benefits of Working with a Preferred Lender
- Time (is money)
As a U.S. Small Business Administration(SBA) PreferredLender, we are allowed to approve in-house SBA loan requests. This means a quick turnaround on your loan requests once we have all necessary financial information.
We dedicate ourselves to serving the small to mid-size business community. Our experience and industry know-how provide a wide range of tools, serving all your needs.
There are only a handful of metro area banks that have the SBA Preferred Lender status designation.
Working directly with the SBA loans allows us more options to meet your financing needs.
What to Expect with a Highland Bank SBA Loan
- A Business Partner
Work directly with us, while we maintain the relationship with the U.S. Small Business Administration(SBA).
- Payment Flexibility
Longer repayment terms, lower payments, and no prepayment penalties (except on commercial real estate).
Start a new business, purchase an existing business, or purchase commercial real estate with as little as 10% down.
- More Capital
Use internally generated capital for other investments.