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Bank Michigan

BROOKLYN, MI 49230

⭐ SBA Preferred Lender
68
Loans Approved
$52.9M
Total Volume
$777K
Avg Loan Size
2
States Served

States Served

MichiganOhio

Top Industries Financed

  • All Other Specialty Trade Contractors
  • Full-Service Restaurants
  • Landscaping Services
  • Distilleries
  • Glass and Glazing Contractors

Quick Summary

Bank Michigan is an SBA-approved lender headquartered in BROOKLYN, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 68 SBA 7(a) loans totaling $52.9M, with an average loan size of $777K. They serve businesses across 2 states.

About Bank Michigan

Bank Michigan is an SBA-approved lender headquartered in BROOKLYN, Michigan. Since 2020, they have approved 68 SBA 7(a) loans totaling $52.9M, with an average loan size of $777K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Bank Michigan an SBA Preferred Lender?

Yes, Bank Michigan is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Bank Michigan approved?

According to SBA FOIA public records, Bank Michigan has approved 68 SBA 7(a) loans totaling $52.9M since 2020. Their average loan size is $777K.

What states does Bank Michigan serve?

Bank Michigan serves businesses in 2 states: Michigan, Ohio.

How do I apply for an SBA loan with Bank Michigan?

To apply for an SBA 7(a) loan with Bank Michigan, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days