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

Perrinton, Michigan Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Perrinton, Michigan who are interested in getting debt financing.

Business Loan Providers for Perrinton Businesses

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank
San Jose, CA
1

Perrinton Business Loan Advice

As a prerequisite to contacting banks to get a bank loan, you will need to develop the specifics of your loan request.

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.

Having a business plan is is critically important. If the bank loan 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 meeting with the 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

If you are new to our Gaebler.com site, you should know that we are devoted to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read Investor Turnoffs.

More Business Lender Lists for Michigan Cities
Get a Business Loan in Owosso
Get a Business Loan in Petoskey

Browse All Business Loan Sources for Michigan