West Shore Bank
West Shore Bank is an active SBA lender in Michigan, a bank offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 55 Google reviews.
$68M
in SBA approvals since 2010
104
SBA loans funded
General Retail · Restaurants & Food Service · Hotels & Lodging
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About West Shore Bank
Specializing in small business financing, this commercial bank offers a range of SBA loan programs to support entrepreneurs and business owners. Whether you're seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. With a focus on personalized service, they assist clients throughout the loan process, ensuring clarity and support at every step. Their expertise in SBA programs like the 7A ensures access to competitive terms and flexible financing options. Located in Ludington, Michigan, they serve local businesses with a commitment to fostering growth and economic development in the community.
Industries West Shore Bank finances
Business types West Shore Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about West Shore Bank
What is this place and what can I find here?
This is a commercial bank that offers small business financing options, including SBA loans like the 7A program, to support local entrepreneurs and business growth.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
What are the hours of operation?
West Shore Bank's Ludington downtown branch operates Monday–Friday, 9:00 AM to 5:00 PM. For current hours and any exceptions, contact them at (231) 845-3500.
Is there a fee to use this?
Yes, there are application and closing fees associated with SBA loans, but they are transparently disclosed during the process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small business owners and residents in the Ludington area.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 30 to 45 days, depending on the completeness of the application and documentation.
Is this open on weekends?
The Ludington downtown branch is closed Saturday and Sunday for regular banking. A 24-hour drive-up ATM is available. For SBA lending assistance, contact the bank Monday–Friday.
How do I get there and where do I park?
West Shore 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.
Who owns or operates this listing?
This page is an independent directory listing for West Shore Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by West Shore Bank itself, which runs its own lending under its own ownership. If you work at West Shore Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for West Shore 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 West Shore Bank before applying. If you represent West Shore Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach West Shore Bank at (231) 845-3500, toll-free (888) 295-4373, or online at westshorebank.com/connect/contact-us. For SBA lending, email commleaninq@westshorebank.com. Confirm specific availability with the lender.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, West Shore Bank most often finances businesses in general retail, restaurants & food service, automotive repair & services, hotels & lodging, and real estate & property management. This reflects West Shore 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 West Shore Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether West Shore Bank participates in SBA Express depends on its specific SBA lending authority. Contact West Shore Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. West Shore Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. West Shore Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask West Shore Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 West Shore Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 West Shore Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 West Shore Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. West Shore Bank weighs this case by case under its own policy, so be upfront about your history and ask West Shore Bank how it evaluates prior bankruptcies.
