Swiftstead Commercial Capital, a small-business funding broker in St. Cloud, Minnesota, serves Waite Park, MN owners in Stearns County by phone and online. ZIP 56387, almost all of it inside Waite Park, had 414 employer establishments, 8,483 paid employees and about $380.9 million in payroll in 2023, led by retail and food service. Lending partners decide every request.
| County | Stearns County, MN |
|---|---|
| Distance | About 4.9 miles southwest of St. Cloud, MN |
| ZIP 56387 employers | 414 establishments (ZBP 2023) |
| ZIP 56387 retail | 84 establishments (ZBP 2023) |
| Under five employees | 36.5% of ZIP 56387 employers vs 49.7% countywide |
ZIP 56387 in figures
ZIP 56387 had 414 employer establishments in 2023, with 8,483 paid employees and about $380.9 million in annual payroll (U.S. Census Bureau, ZIP Code Business Patterns 2023). Waite Park covers about 99.5 percent of the ZIP's land, so here the ZIP and the city are close to the same place.
Only 36.5 percent of the ZIP's employers had fewer than five employees, against 49.7 percent across Stearns County (County Business Patterns 2023). Waite Park's businesses are, on average, bigger operations: stores and restaurants with full shift rosters.
Retail and food service lead
| Sector | Establishments | Share under 5 employees |
|---|---|---|
| Retail trade | 84 | 23.8% |
| Food service and lodging | 48 | 20.8% |
| Other services | 46 | 52.2% |
| Health care and social assistance | 40 | 42.5% |
| Construction | 38 | 39.5% |
| Wholesale trade | 31 | 35.5% |
| Professional, scientific and technical services | 23 | 34.8% |
| Finance and insurance | 22 | 59.1% |
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023. Retail and food service together account for nearly a third of the ZIP's employers.
What stores and restaurants here ask about
A store ordering ahead of a busy stretch asks about inventory financing or a credit line; a restaurant replacing a walk-in or adding a hood asks about equipment financing. Restaurant and food service financing covers the kitchen side in detail.
Card-heavy businesses here are also the ones most likely to be offered a merchant cash advance. It is not a loan, and its cost is usually higher; ask for the total the funder will collect before anything else.
Larger rosters, larger payrolls
ZIP 56387 had 8,483 paid employees spread across 414 establishments in 2023, about 20 per establishment on average (ZIP Code Business Patterns 2023). Annual payroll was about $380.9 million. A store or restaurant with a staff that size runs payroll every week or two, whatever the till took in that week.
That is why payroll timing comes up as often as equipment here. A one-off gap, such as a remodel closing the dining room for a fortnight, fits a short working capital loan; a pattern of tight paydays fits a credit line. Either way, a partner will read your deposits and payroll debits side by side.
Commercial space and fit-outs
This page assumes you are leasing space in Waite Park rather than buying it. A lease is a funding question too: the fit-out, the deposit and the months before sales build all need cash. Our post on leasing retail space walks through the order of decisions. Swiftstead does not arrange commercial mortgages.
Working with us from Waite Park, MN
Call (320) 208-9595 or leave your details in the short form, and the purpose comes up when we phone back. The office address is 515.5 W St Germain St, St. Cloud, MN 56301. Stearns County business counts are on the city page, and nearby Minnesota towns are listed on the hub.
Waite Park, MN sectors our partners fund
Swiftstead Commercial Capital works with Waite Park, MN businesses in four sectors our partners have confirmed: contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock. Being in one of them does not decide the outcome; the partner does.
Documents to have ready
- Business checking statements covering roughly the last quarter or two
- Business and personal tax returns for the latest year
- An up-to-date P&L and balance sheet, even if you prepare them yourself
- Your articles of organization or incorporation and the EIN letter
- Details of any loans, leases or advances the business already carries
- The equipment quote, contract or purchase order the funding is for
Partners differ in what they request; this list covers the usual ground.
From first call to a partner's decision
- You call (320) 208-9595 or send the short form (name, contact details and business name). When we speak, we ask what the money is for, how long you have been in business and roughly what the business brings in.
- We explain which funding types fit that use and what partners usually need to see. Nothing is submitted without your go-ahead.
- Once you agree, the request goes to partners that provide that type of funding. The credit decision belongs to each partner.
- If a partner makes an offer, you compare the total cost, payment schedule and terms. You are never obligated to accept.
Our address: 515.5 W St Germain St, St Cloud, MN 56301.
By Swiftstead Commercial Capital · Updated