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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Fraser, Michigan

 
Loan Census SBA Loan Info

I need a loan for my business in Fraser, Michigan! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business owners in Fraser, Michigan who are interested in getting a bank loan.

SBA Lenders for Fraser Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Detroit Commerce Bank
Detroit, MI
1
Fifth Third Bank
Grand Rapids, MI
2
First Place Bank
Warren, OH
1
Jpmorgan Chase Bank
Chicago, IL
1
Jpmorgan Chase Bank
Houston, TX
2
Macomb Community Bank
Clinton Township, MI
3
National City Bank
Bannockburn, IL
4
Peoples State Bank
Hamtramck, MI
1
Rbs Citizens
Providence, RI
15
The Huntington National Bank
Columbus, OH
5
Ups Capital Business Credit
Windsor, CT
2

Tips for Getting a Business Loan in Fraser

Before contacting banks for a 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan 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 guarantee 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, you will likely be asked to secure the business with 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 you sit down to talk with a small business banker, you may want to read up on 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

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