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March 28, 2024  
 
 
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Business Loan Charlotte, Michigan

 
Loan Census SBA Loan Info

Looking for a Charlotte, 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.

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

Local Charlotte Banks

Without further adieu, here's our list of small business banks in Charlotte.

Small Business Bank Recent SBA Loans
Eaton Federal Savings Bank  
Fifth Third Bank  
Flagstar Bank  
Independent Bank  

Other Lending Resources for Charlotte Businesses

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

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Winston Salem, NC
1
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
1
Citicapital Small Business Finance
Irving, TX
1
Citizens Bank
Lansing, MI
2
Fifth Third Bank
Grand Rapids, MI
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Jpmorgan Chase Bank
Houston, TX
1
Lasalle Bank Midwest
Troy, MI
2
National City Bank
Bannockburn, IL
13
National City Bank
Cleveland, OH
3
Rbs Citizens
Providence, RI
2
The Huntington National Bank
Columbus, OH
1

Tips for Getting a Business Loan in Charlotte

Prior to reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the lender.

Having a business plan is essential. If the capital is to for an existing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to get up to speed 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

If you are new to our Gaebler.com site, you should know that we are devoted to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Bank Credit Lines.

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