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Eastern Michigan Bank

CROSWELL, MI 48422

⭐ SBA Preferred Lender
4
Loans Approved
$1.6M
Total Volume
$404K
Avg Loan Size
1
States Served

States Served

Michigan

Top Industries Financed

  • Boat Building
  • General Freight Trucking, Local
  • Golf Courses and Country Clubs
  • Car Washes

Quick Summary

Eastern Michigan Bank is an SBA-approved lender headquartered in CROSWELL, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 4 SBA 7(a) loans totaling $1.6M, with an average loan size of $404K. They primarily serve Michigan businesses.

About Eastern Michigan Bank

Eastern Michigan Bank is an SBA-approved lender headquartered in CROSWELL, Michigan. Since 2020, they have approved 4 SBA 7(a) loans totaling $1.6M, with an average loan size of $404K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Michigan.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Eastern Michigan Bank an SBA Preferred Lender?

Yes, Eastern Michigan Bank 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 Eastern Michigan Bank approved?

According to SBA FOIA public records, Eastern Michigan Bank has approved 4 SBA 7(a) loans totaling $1.6M since 2020. Their average loan size is $404K.

What states does Eastern Michigan Bank serve?

Eastern Michigan Bank primarily serves businesses in Michigan.

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

To apply for an SBA 7(a) loan with Eastern Michigan Bank, 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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