Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Howell, Michigan

 
Loan Census SBA Loan Info

Looking for a Howell, 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.

If you are hoping to get a small business loan and your business is based in Howell, Michigan, we've put together a list of local small business banks that you should contact.

Local Howell Lending Resources

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

Small Business Bank Recent SBA Loans
1st National Bank  
Bank One  
Comerica Bank  
Eazco Bag  
Fifth Third Bank  
First National Bank In Howell 2
Flagstar Bank  

SBA Lenders for Howell Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
8
Capitol National Bank
Lansing, MI
2
Citizens Bank
Flint, MI
1
Citizens Bank
Lansing, MI
6
Citizens First Savings Bank
Farmington Hills, MI
1
Comerica Bank
Dallas, TX
3
Community Central Bank
Mount Clemens, MI
1
Detroit Commerce Bank
Detroit, MI
2
Fifth Third Bank
Grand Rapids, MI
4
Firstbank- West Michigan
Ionia, MI
1
Jpmorgan Chase Bank
Houston, TX
8
Keybank National Association
Cleveland, OH
1
Lasalle Bank Midwest
Troy, MI
1
National City Bank
Bannockburn, IL
18
National City Bank
Cleveland, OH
7
Oakland Commerce Bank
Farmington Hills, MI
1
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Providence, RI
5
The Huntington National Bank
Columbus, OH
1
The State Bank
Fenton, MI
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Business Loan Advice for Howell Businesses

As a prerequisite to meeting with banks to get 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, define how the money will be used, and show your ability to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the financing is to for a company that is already doing business, 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 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 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Angel Investors.

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