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

Business Loan Essexville, Michigan

 
Loan Census SBA Loan Info

Small business loans in Essexville, Michigan are available. You just need to talk to the right bank.

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

Local Essexville Banks

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

Small Business Bank Recent SBA Loans
Chemical Bank & Trust Company - Bay County Offices  
Citizens Bank - Center Scheurmann  
Credit Union Plus  
Independent Bank  

Banks that Lend to Essexville Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank
Flint, MI
1
National City Bank
Bannockburn, IL
2
National City Bank
Indianapolis, IN
1

Tips for Getting a Business Loan in Essexville

As a prerequisite to contacting banks 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 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 money is to for a going concern, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 meeting with the 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

Make the effort and learn as much as you can about Raising Money. For starters, we suggest you read Business Cash Advances.

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