Eastern Michigan Bank

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.

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.

Eastern Michigan Bank's Croswell branch is open Monday–Thursday 8:30 AM–5:00 PM and Friday 8:30 AM–5:30 PM. Confirm with the bank to verify current hours.

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.

This bank primarily serves small business owners and entrepreneurs within the local community and surrounding regions, focusing on supporting local economic development.

A minimum personal credit score of around 640 is generally recommended, but the exact requirement may vary based on the loan and applicant profile.

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.

Yes, the Croswell branch is open Saturday 9:00 AM–Noon and closed Sunday. Confirm current weekend hours with the bank.

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

The core details for Eastern Michigan 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 Eastern Michigan Bank before applying. If you represent Eastern Michigan Bank, claim this listing to keep its information up to date.

You can reach the Croswell branch by calling (810) 679-3620, using the online contact form at emb.bank/about/contact-us, or emailing staff members listed on the branch page. Confirm preferred contact method with the bank.

Based on its approved SBA loans, Eastern Michigan Bank most often finances businesses in manufacturing. This reflects Eastern Michigan Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Eastern Michigan Bank which sectors 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 Eastern Michigan Bank participates in SBA Express depends on its specific SBA lending authority. Contact Eastern Michigan 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. Eastern Michigan 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. Eastern Michigan Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Eastern Michigan 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 Eastern Michigan 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 Eastern Michigan 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 Eastern Michigan 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. Eastern Michigan Bank weighs this case by case under its own policy, so be upfront about your history and ask Eastern Michigan Bank how it evaluates prior bankruptcies.