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

Small Business Lenders in Livonia, Michigan

 
Loan Census SBA Loan Info

Looking for a Livonia, 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 planning on applying for a small business loan and your business is based in Livonia, Michigan, we've assembled a list of local small business banks that you should contact.

Local Livonia Banks

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

Small Business Bank Recent SBA Loans
Access Cash International  
American Residential Funding  
B & M ATM Services  
Banctec Services  
Bank One - Banking Centers- Livonia- Grand River-Eight Mile Office  
Bank One - Livonia- Banking Centers- Plymouth-Cranston Office  
Bank One - Livonia- Banking Centers- Plymouth-Deering Office  
Bank One - Livonia- Banking Centers- Six Mile Newburgh Office  
Bank United  
Charter One Bank  
Citizens Bank Financial Center  
Fifth Third Bank - Branches  
First Tennessee Home Loans  
Flagstar Bank  
Independent Bank  

Banks that Lend to Livonia Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
1
California Bank & Trust
Sacramento, CA
1
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
16
Capital One Bank (usa)
Glen Allen, VA
3
Cit Small Business Lending Corp
Livingston, NJ
5
Citizens Bank
Flint, MI
5
Citizens Bank
Lansing, MI
4
Citizens First Savings Bank
Farmington Hills, MI
1
Comerica Bank
Dallas, TX
15
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Grand Rapids, MI
3
First Place Bank
Southfield, MI
3
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Independent Bank
Troy, MI
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Chicago, IL
1
Jpmorgan Chase Bank
Houston, TX
40
Jpmorgan Chase Bank
Phoenix, AZ
1
Keybank National Association
Cleveland, OH
4
Lasalle Bank Midwest
Lansing, MI
4
Lasalle Bank Midwest
Troy, MI
7
National City Bank
Bannockburn, IL
22
National City Bank
Cleveland, OH
15
National City Bank
Indianapolis, IN
3
Peoples State Bank
Fairmount, ND
1
Peoples State Bank
Madison Heights, MI
1
Rbs Citizens
Providence, RI
56
Temecula Valley Bank
Temecula, CA
1
The Huntington National Bank
Columbus, OH
2
Ups Capital Business Credit
Windsor, CT
2
Wachovia SBA Lending, Inc.
Roseville, CA
2
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
3

Business Loan Advice for Livonia Businesses

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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan 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, you will likely be asked to secure the business 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 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 do your homework 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 it a priority to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Borrowing Money from Friends and Family.

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