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Bank of Ann Arbor

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Description

Bank of Ann Arbor offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing funding options up to $1,800,000. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency. Located in Ann Arbor, Michigan, they serve a diverse range of industries, emphasizing community development and business success. The bank’s commitment to small business growth is reflected in their flexible lending criteria and dedicated support staff. Whether you’re looking to purchase equipment, finance real estate, or improve cash flow, they offer tailored solutions to meet your needs. Their expertise in SBA lending makes them a reliable partner for entrepreneurs aiming to expand their operations or start new ventures. With a strong local presence, they understand the regional market dynamics and can provide strategic advice alongside funding. The bank also supports SBA 504 loans, microloans, and Express programs, making them a versatile choice for various business financing needs. Their approach combines personalized service with competitive rates, helping businesses thrive in a competitive environment. If you’re considering SBA financing, Bank of Ann Arbor provides the expertise and resources to turn your business goals into reality.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.1
Google Review Count
38
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and business financing solutions tailored to small and medium-sized enterprises in the Ann Arbor area.
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
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access consultation services; however, loan application and processing fees may apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small and medium-sized businesses within the region, regardless of residency, provided they meet lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, but higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process typically takes 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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