Honor Bank

This is a local bank offering SBA loans, small business banking services, and financial support tailored for entrepreneurs and small business owners in the Honor, Michigan area.

You can walk in during regular business hours or schedule an appointment for personalized service and detailed financial consultations.

Honor Bank's Honor Branch has lobby hours Monday–Friday, 9:00 AM–5:00 PM, with drive-up service 8:00 AM–5:00 PM. ATM access is available 24 hours. Please confirm current hours by calling (877) 325-8031.

There may be fees associated with certain banking services or loan applications, but basic account access is usually free of charge.

This bank primarily serves small business owners and entrepreneurs in the Michigan region, with services available to both residents and non-residents who meet lending criteria.

A minimum personal credit score of around 640 is generally required, but specific requirements may vary based on the loan type and applicant profile.

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

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

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

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

You can reach Honor Bank by phone at (877) 325-8031 or online at myhonorbank.com — 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 Honor Bank before relying on them.

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