Swiftstead Commercial Capital, a small-business funding broker in St. Cloud, Minnesota, answers common questions here: what a broker does and does not do, whether a new LLC can get funding, why personal loans are not arranged, how merchant cash advances differ from loans, and what happens after the short form is sent.
About Swiftstead Commercial Capital
Is Swiftstead Commercial Capital a lender?
No. Swiftstead Commercial Capital is a broker, not a lender. Capital names the subject, not a lending role.
Where are you?
Our address is 515.5 W St Germain St, St. Cloud, MN 56301. Phone (320) 208-9595. The city spans three counties; the office sits in ZIP 56301.
Which towns do you serve?
St. Cloud, MN and Central Minnesota towns such as Sauk Rapids, Sartell, Waite Park, St. Joseph, Clear Lake and Clearwater; see every town we serve.
What do you not arrange?
Personal, payday, auto title, mortgage or SBA loans, or grants. Partners do not fund agriculture or trucking, and we work in English only.
LLCs, new businesses and personal money
Can a Minnesota LLC get business funding?
Yes. LLCs, corporations, partnerships and sole proprietors can all be funded by partners. The legal name on the application should match the bank account and registration records; a mismatch slows reviews. Our guide to the Minnesota assumed name certificate explains why.
Can a new LLC get funding?
It is harder. Most partners want a trading record and bank statements to review. Equipment financing, where the machine secures the deal, is sometimes more open to younger businesses, but a partner decides each case.
Do I need an LLC to get a business loan?
No. Sole proprietors can apply. How you structure the business is a question for your accountant or attorney, not a funding requirement we can set.
Why not take a personal loan for the business?
A personal loan sits in your own name and on your personal credit, and mixes household and business money. Business funding keeps the debt with the business, though partners often still ask for a personal guarantee.
Merchant cash advances
Are advances loans?
No. A merchant cash advance is a purchase of future receipts, collected as a share of sales. See the advance page.
Why would anyone choose one?
Some card-heavy businesses accept the higher cost for collections that move with sales. Always ask for the total the funder will collect.
The request
What does the form ask?
Your full name, phone number, email and business name, a pick each for time in business, annual revenue and the amount you want, and a consent tick. We ask about the purpose when we call.
Who decides, and how long does it take?
A lending partner makes the call, on whatever schedule it keeps. No approval, amount, price or date can be promised by us. The four steps explain the sequence.
Where can I read more?
The guides page covers Minnesota paperwork and local permits, and the blog works through local examples.
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