We wrote this article for small business proprietors in Detroit, Oregon who are interested in getting debt financing.
Banks that Lend to Detroit Businesses
Be sure to speak with bankers outside of Detroit, Oregon. 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
Getting a bank loan is one of the most common sources of funding for a small business, but finding financing is not a slam dunk.
Improve your odds by talking to as many banks as possible.
When getting 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 a better deal 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
Take the time to learn as much as you can about Raising
Money. For starters, we recommend you read
Borrowing Money from Friends and Family.
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