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Michigan Schools and Government Credit Union

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Description

Specializing in small business financing, this commercial bank offers a range of SBA loan programs designed to support the growth and development of local businesses. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. With a focus on community development, they serve a diverse client base across various industries, emphasizing personalized service and flexible terms. Their SBA program history includes a strong track record with the 7A loan program, supporting businesses with loans up to significant amounts. Their experienced lending team is committed to guiding borrowers through the application process, ensuring clarity and efficiency from start to finish. Located in Clinton Township, MI, they are well-positioned to serve businesses throughout the region, offering expertise in navigating SBA lending requirements and maximizing available funding options.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
88
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused commercial bank offering SBA loans and small business financing solutions tailored to support local entrepreneurs and business growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 am to 5 pm, Monday through Friday, but it"s best to confirm directly with the branch.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation; however, loan application and processing fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves members and residents of the community, with a focus on supporting local small businesses.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred, but it can vary based on the loan type and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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