Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Newberry, Michigan Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Newberry, Michigan seems challenging at first, but we're here to help you get started.

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

Local Newberry Business Lenders

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

Small Business Bank Recent SBA Loans
First National Bank of St Ignace  

Banks that Lend to Newberry Businesses

Be sure to speak with bankers outside of Newberry, Michigan. These banks, in the table below, have lent to other Newberry small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Old Mission Bank
Sault Sainte Marie, MI
3

Newberry Business Loan Advice

Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy.

It's always a good idea to talk to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.

Remember, before meeting with a banker, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in Michigan
Get a Business Loan in New Baltimore
Get a Business Loan in Niles

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