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November 22, 2024  
 
 
  Business Loan Information  
 

Croswell, Michigan Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Croswell, Michigan, we've assembled a list of local small business banks that you should contact.

Local Croswell Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Croswell.

Small Business Bank Recent SBA Loans
Citizens First - Croswell Branch- Branch Offices- Croswell  
Eastern Michigan Bank 4
First Citizens Savings Bank  

Business Loan Providers for Croswell Businesses

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

Small Business Bank Recent SBA Loans
Citizens First Savings Bank
Port Huron, MI
9

Croswell Bank Loan Tips

Before contacting 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.

Having a business plan is is critically important. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

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 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. Prior to visiting local banks, 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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