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United Bank of Michigan

United Bank of Michigan offers comprehensive SBA lending services tailored to support small and medium-sized businesses in securing financing for growth, expansion, or operational needs. With a focus on the 7(a) loan program, they provide flexible funding options up to $2,758,000, helping entrepreneurs access capital with competitive terms and personalized service. Their experienced team understands the unique challenges of business financing and works closely with clients to develop solutions that align with their strategic goals. Located in Grand Rapids, MI, they serve a diverse range of industries, emphasizing local economic development and community support. Whether you’re looking to purchase equipment, refinance debt, or expand your operations, this lender provides the expertise and resources to facilitate your business ambitions. Their commitment to customer success is evident in their tailored approach and extensive industry knowledge, making them a trusted partner for small business owners seeking reliable SBA financing.

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Lender Type

Commercial Bank

Google Rating

3.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs to help small businesses secure funding for growth and operations. You can find expert guidance, tailored loan options, and support throughout the application process.

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 specialist, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, they operate from 9:00 AM to 5:00 PM, Monday through Friday, but it"s best to check directly for current hours.

Question 4

Is there a fee to use this?

Answer 4

There may be application and processing fees associated with SBA loans, which vary depending on the loan size and type.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small business owners in the Grand Rapids area, but eligibility depends on meeting specific loan criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 620 is generally required to qualify for SBA loans.

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 application and completeness of documentation.

United Bank of Michigan

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