Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Berkley, Michigan

 
Loan Census SBA Loan Info

Looking for a Berkley, Michigan small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

We wrote this article for small business owners in Berkley, Michigan who are interested in getting a bank loan.

Local Berkley Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Berkley.

Small Business Bank Recent SBA Loans
Charter One Bank - New Deposit Accounts- Berkley- Branch  

Business Loan Providers for Berkley Businesses

This is a list of banks outside of Berkley, Michigan that have provided SBA loans to Berkley businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
6
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Bank
Lansing, MI
1
Comerica Bank
Dallas, TX
4
Fifth Third Bank
Grand Rapids, MI
1
First Place Bank
Southfield, MI
2
Jpmorgan Chase Bank
Houston, TX
4
Lasalle Bank Midwest
Troy, MI
1
National City Bank
Bannockburn, IL
3
National City Bank
Cleveland, OH
4
Paramount Bank
Farmington Hills, MI
1
Rbs Citizens
Providence, RI
1
The Huntington National Bank
Zanesville, OH
1
U.S. Bank National Association
Cincinnati, OH
2

Tips for Getting a Business Loan in Berkley

Prior to meeting with banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Prior to visiting local banks, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is devoted to assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Realistic Debt Financing Options.

More Business Loan Info for Michigan
Get a Business Loan in Benton Harbor
Get a Business Loan in Beverly Hills

Browse All Business Loan Sources for Michigan