Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

Business Loan Armada, Michigan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Armada, Michigan who are interested in getting a small business loan.

Local Armada Banks

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

Small Business Bank Recent SBA Loans
CSB Bank - Armada OFC  
Fifth Third Bank  

Banks that Lend to Armada Businesses

Be sure to speak with bankers outside of Armada, Michigan. These banks, in the table below, have lent to other Armada 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
Citizens Bank
Lansing, MI
1
Fifth Third Bank
Grand Rapids, MI
1
Jpmorgan Chase Bank
Houston, TX
1
National City Bank
Bannockburn, IL
2
Rbs Citizens
Providence, RI
2

Tips for Getting a Business Loan in Armada

Borrowing money is one of the most common sources of funding for a small business, but finding financing is not a slam dunk.

Improve your odds by talking to as many banks as possible.

When getting 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 a better deal 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 contacting lenders, 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 get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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