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

Goodrich, Michigan Business Loan

 
Loan Census SBA Loan Info

Raising money in Goodrich, Michigan? If so, you'll want to talk to some of these small business lenders in Goodrich.

We wrote this article for small business proprietors in Goodrich, Michigan who are interested in getting debt financing.

Local Goodrich Banks

To assist you in finding a small business banker, here's our list of small business banks in Goodrich.

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Goodrich  

SBA Lenders for Goodrich Businesses

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

Small Business Bank Recent SBA Loans
Bank Of Auburn Hills
Auburn Hills, MI
2
Capital One
Mclean, VA
1
Jpmorgan Chase Bank
Houston, TX
1
Keybank National Association
Cleveland, OH
1
T & C Fcu
Pontiac, MI
1

Goodrich Business Loan Advice

Prior to reaching out to banks to get 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the financing is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to pledge 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Michigan
Get a Business Loan in Gladstone
Get a Business Loan in Grand Blanc

Browse All Business Loan Sources for Michigan