ChoiceOne Bank

This is a financial institution offering SBA lending services to small businesses, including loans for growth, real estate, and equipment. You can find personalized support and guidance through the application process to help you secure funding for your business needs.

It's recommended to schedule an appointment with a loan officer to ensure dedicated time and personalized service, but walk-ins may be accommodated depending on availability.

The branch typically operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary, so it's best to contact ahead for confirmation.

There are no fees for accessing basic consultation services, but loan application and processing fees may apply depending on the loan type and amount.

This bank primarily serves small business owners and entrepreneurs, with lending services available to qualified applicants nationwide, not limited to residents or members.

A minimum personal credit score of around 640 is generally preferred, but other factors are also considered in the approval process.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and ChoiceOne 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 ChoiceOne Bank to confirm current weekend availability before you go.

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

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

You can reach ChoiceOne Bank by phone at (616) 887-7366 or online at choiceone.bank — 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 ChoiceOne Bank before relying on them.

Based on its approved SBA loans, ChoiceOne Bank most often finances businesses in construction & contractors, manufacturing, general retail, medical practices & clinics, restaurants & food service, and automotive repair & services. This reflects ChoiceOne 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 ChoiceOne 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 ChoiceOne Bank participates in SBA Express depends on its specific SBA lending authority. Contact ChoiceOne 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. ChoiceOne Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

ChoiceOne Bank offers SBA loans that can be used for starting new businesses. Confirm directly with their Commercial Lenders team regarding specific startup qualification requirements.

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 ChoiceOne 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 ChoiceOne 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 ChoiceOne 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. ChoiceOne Bank weighs this case by case under its own policy, so be upfront about your history and ask ChoiceOne Bank how it evaluates prior bankruptcies.