Small Business Lenders in Auburn Hills, Michigan

Getting a business loan in Auburn Hills, Michigan seems challenging at first, but we're here to help you get started.

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

Local Auburn Hills Lenders

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

Small Business Bank	Recent SBA Loans
Bank Of Auburn Hills	23
Bank One - Banking Centers- Opdyke-Walton Office
Comerica Bank	13
Community Bank of Dearborn
Fifth Third Bank

Banks that Lend to Auburn Hills Businesses

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

Small Business Bank	Recent SBA Loans
Bank Of The West San Francisco, CA	1
Business Loan Center, LLC Richmond, VA	2
California Bank & Trust San Diego, CA	1
Capital One Mclean, VA	1
Citizens Bank Flint, MI	1
Fifth Third Bank Grand Rapids, MI	2
Ge Cap. Small Business Finan Corp St. Louis, MO	1
Jpmorgan Chase Bank Columbus, OH	1
Jpmorgan Chase Bank Houston, TX	11
Keybank National Association Cleveland, OH	1
National City Bank Bannockburn, IL	4
National City Bank Cleveland, OH	2
Newtek Small Business Finance Inc. New York, NY	1
Oakland Commerce Bank Farmington Hills, MI	1
Rbs Citizens Providence, RI	2
Saehan Bank Los Angeles, CA	1
T & C Fcu Pontiac, MI	1

Business Loan Advice for Auburn Hills Businesses

Prior to reaching out to banks for a 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the loan is to for a company that is already doing 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 pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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