Grand River Bank

This is a commercial bank offering SBA loan programs and business financing solutions designed to support small and medium-sized enterprises in Michigan, especially in manufacturing. You can find personalized lending services, guidance on SBA loan applications, and funding options tailored to your business needs. The bank focuses on helping entrepreneurs grow and expand their operations with flexible financing options and expert support throughout the process.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare the necessary documentation for your SBA loan application.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to contact the branch directly for specific hours or to confirm availability for meetings outside regular hours.

There are no fees for visiting the bank; however, standard loan application and processing fees may apply depending on the financing options selected. It's best to discuss fee details with a loan officer during your consultation.

This bank primarily serves residents and businesses within Michigan, particularly those seeking SBA financing for their business needs. Non-residents may need to meet specific criteria or have existing ties to the community.

A minimum personal credit score of 620 is generally required, though higher scores may improve your chances of approval and better loan terms.

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

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

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

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

You can reach Grand River Bank by phone at (616) 929-1600 or email at connect@grandriverbank.com. For SBA loans specifically, ask for their business lending department.

Based on its approved SBA loans, Grand River Bank most often finances businesses in manufacturing, construction & contractors, automotive repair & services, real estate & property management, restaurants & food service, and fitness & recreation. This reflects Grand River 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 Grand River 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 Grand River Bank participates in SBA Express depends on its specific SBA lending authority. Contact Grand River 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. Grand River 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. Grand River Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Grand River 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 Grand River 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 Grand River 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 Grand River 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. Grand River Bank weighs this case by case under its own policy, so be upfront about your history and ask Grand River Bank how it evaluates prior bankruptcies.