This page showcases our unique research of small business loans in Michigan, relying on concrete, verifiable data. The lenders are arranged based on the quantity of small business loans they've issued this year.
Essentially, this means we're spotlighting the banks and lenders that like lending to small businesses in your area.
(This stands in contrast to most other sites that often highlight nonprofits with minimal lending activity or government programs that are out of reach for many businesses!)
Takeaway: The foundation of this list is the SBA 7a loan data. As a result, each lender mentioned here offers SBA loans. Additionally, we've detailed other types of small business loans these institutions advertise on their websites.
Methodology: This is based on SBA 7a loan data. So all of these lenders offer SBA loans. We also listed out all of the other small business loans that they show on their websites.
A common small business challenge is that traditional banking institutions usually have stringent requirements, like high credit scores and a business history of over two years. Recognizing this, we've begun our list with a couple of lending options that cater to small business owners grappling with poor credit or those who haven't been in business for long.
