Charlevoix State Bank

This is a community-focused bank offering SBA loan programs and financial services designed to support small businesses in the Charlevoix area. You can find personalized lending solutions, business advice, and community banking services here.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it's best to call ahead.

There are no fees to visit the bank; however, loan applications and services may involve standard fees and charges based on the specific product.

This bank primarily serves residents and small businesses within the Charlevoix community and surrounding areas.

A minimum personal credit score of 640 is generally preferred, but higher scores may improve loan terms.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and supporting documents.

Most banks keep weekday business hours and are closed on weekends, and Charlevoix State Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Charlevoix State Bank to confirm current weekend availability before you go.

Charlevoix State Bank is located in Michigan — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Charlevoix State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Charlevoix State Bank itself, which runs its own lending under its own ownership. If you work at Charlevoix State Bank, you can claim this listing from this page to manage it.

The core details for Charlevoix State Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Charlevoix State Bank before applying. If you represent Charlevoix State Bank, claim this listing to keep its information up to date.

You can reach Charlevoix State Bank by phone at (231) 547-4411 or online at charlevoixstatebank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Charlevoix State Bank before relying on them.

Like most SBA lenders, Charlevoix State Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Charlevoix State Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Charlevoix State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Charlevoix State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Charlevoix State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Charlevoix State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Charlevoix State Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Charlevoix State Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Charlevoix State Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Charlevoix State Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Charlevoix State Bank weighs this case by case under its own policy, so be upfront about your history and ask Charlevoix State Bank how it evaluates prior bankruptcies.