Business Loan Detroit, Michigan

Local Detroit Lending Resources

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

Other Lending Resources for Detroit Businesses

Be sure to speak with bankers outside of Detroit, Michigan. These banks, in the table below, have lent to other Detroit small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Tips for Getting a Business Loan in Detroit

Borrowing money is one of the most common sources of funding for a small business, but getting small business financing requires a fair amount of work.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get a great deal on your bank loan.

Remember, before meeting with a banker, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

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 recommend you read Getting a Small Business Loan.