Saint Paul

64
  • Number of Businesses: 5,596
  • Number of Small Business Advances: 1,366
  • Yearly Small Business Revenue: $15,619,073
  • Two-Year Survival Rate: 68%

A majority of Saint Paul businesses are rooted in technology and manufacturing. With over a dozen Fortune 500 firms and extensive city-wide development projects, the city is teeming with small business potential. Nearly 6,000 small businesses inhabit the mild-climate city.

  • Saint Paul is home to 5,596 unique small businesses
  • Out of those, 1,366 took out small business loans
  • The yearly total small business revenue in Saint Paul is $15,619,073 (as of 2007)
  • Roughly 32% of Saint Paul small businesses will close within two years of opening

If your business needs to cover operating costs or perhaps some funding for equipment, turn to Credibly to get the ball rolling. Instead of dealing with the stressful paperwork of a bank, we get straight to the point so that you can get your loan as hasty as possible. All you need to do is sign up for a quick pre-qualification, which we can approve as fast as two days or less so that there’s minimal waiting. Instead of focusing on credit, we zero in on the state of your business – which allows greater flexibility and options. It’s not easy to manage a small business, which is why we take the time to understand our customers’ financial goals and figure out a plan to help you reach them.

Credibly in Saint Paul

With a promising two-year survival rate and impressive business record, opportunities for business growth in Saint Paul are clear as ever. As an entrepreneur, you deserve a chance to make your vision a reality. At Credibly, we’ll help you supply the working capital required to make this happen. There’s no need to wait any longer. We’ll work faster than the banks, providing quick yet industry-informed financing. Pre-qualify for a small business loan at Credibly today to see just how simple it is.

The Credibly Business Index

The Credibly Business Index is a scoring system that ranks how sustainable a region is for small businesses. We consider several factors, such as number of businesses in the city, overall business revenue, and two-year business survival rates as reported by the U.S. Small Business Administration.

The Credibly Business Index score given to Saint Paul is 64 out of a possible 100. This score is generated from data derived from the U.S. Small Business Administration and the United States Census Bureau as of June, 2015, and is subject to change. This Business Loan and Revenue Index is intended for informational purposes only, and may not be applicable to, or predictive of, your particular circumstances.

SOURCES:
U.S. Small Business Administration 2013 Small Business Profiles for States and Territories
United States Census Bureau 2007 Economic Census of the United States