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

Muskegon, Michigan Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Muskegon, Michigan, we've put together a list of local small business banks that you should contact.

Local Muskegon Banks

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

Small Business Bank Recent SBA Loans
Ameribank  
Bank One - Muskegon- Banking Centers- Banking Center  
Comerica Back  
Comerica Bank  
Community Shores Bank 65
Ellis Management Services  
Fifth Third Bank  
Flagstaff Bank  
Huntington Bank - Banking  
Huntington Mortgage Company  
Muskegon Commerce Bank 106

SBA Lenders for Muskegon Businesses

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

Small Business Bank Recent SBA Loans
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Bank
Flint, MI
1
Citizens Bank
Lansing, MI
8
Comerica Bank
Dallas, TX
3
Comerica Bank
San Jose, CA
1
Farmer City State Bank
Farmer City, IL
1
Fifth Third Bank
Cincinnati, OH
3
Fifth Third Bank
Grand Rapids, MI
31
Grand Haven Bank
Grand Haven, MI
6
Jpmorgan Chase Bank
Houston, TX
2
Lasalle Bank Midwest
Lansing, MI
1
Lasalle Bank Midwest
Troy, MI
2
Macatawa Bank
Holland, MI
2
National City Bank
Bannockburn, IL
37
National City Bank
Cleveland, OH
12
National City Bank
Indianapolis, IN
2
Northpointe Bank
Grand Rapids, MI
2
Rbs Citizens
Providence, RI
1
The Huntington National Bank
Columbus, OH
17
Ups Capital Business Credit
Windsor, CT
1
Wells Fargo Bank
San Jose, CA
2
West Michigan Community Bank
Hudsonville, MI
1

Muskegon Bank Loan Tips

Before contacting banks for a loan, you will need to have a specific plan.

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 how you intend to to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the capital is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 are SBA lenders. 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

Our Gaebler.com site is all about assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we would suggest you read Business Incubators.

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