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Eastern Michigan Bank

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Description

Eastern Michigan Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local community, the bank provides flexible loan options under the SBA 7(a) program, helping entrepreneurs access capital with favorable terms. Whether you’re starting a new venture or expanding an existing business, the bank’s experienced team guides you through the application process, ensuring clarity and support at every step. Their expertise in SBA loans means they understand the nuances of small business financing, making them a reliable partner for your business goals. Located at 65 N Howard Ave in Croswell, MI, the bank is committed to fostering local economic development and supporting small business success. They also offer personalized service to meet the unique needs of each client, emphasizing quick turnaround times and competitive rates. By leveraging their strong community ties and financial expertise, Eastern Michigan Bank aims to be your trusted partner in business growth and success.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that provides SBA loan services and small business financing solutions. You can find personalized support, expert guidance, and access to various loan programs designed to help small businesses grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours for general inquiries and initial consultations.
Question 3
What are the hours of operation?
Answer 3
The bank is typically open from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and closing may involve certain fees such as guarantee fees and closing costs, which vary depending on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within the local community and surrounding regions, focusing on supporting local economic development.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally recommended, but the exact requirement may vary based on the loan and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.
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