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Homestead Savings Bank

ALBION, MI 49224

3
Loans Approved
$4.0M
Total Volume
$1.3M
Avg Loan Size
1
States Served

States Served

Michigan

Top Industries Financed

  • Full-Service Restaurants
  • Snack and Nonalcoholic Beverage Bars
  • Drinking Places (Alcoholic Beverages)

Quick Summary

Homestead Savings Bank is an SBA-approved lender headquartered in ALBION, Michigan. Since 2020, they have approved 3 SBA 7(a) loans totaling $4.0M, with an average loan size of $1.3M. They primarily serve Michigan businesses.

About Homestead Savings Bank

Homestead Savings Bank is an SBA-approved lender headquartered in ALBION, Michigan. Since 2020, they have approved 3 SBA 7(a) loans totaling $4.0M, with an average loan size of $1.3M. 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 Homestead Savings Bank an SBA Preferred Lender?

Homestead Savings Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Homestead Savings Bank approved?

According to SBA FOIA public records, Homestead Savings Bank has approved 3 SBA 7(a) loans totaling $4.0M since 2020. Their average loan size is $1.3M.

What states does Homestead Savings Bank serve?

Homestead Savings Bank primarily serves businesses in Michigan.

How do I apply for an SBA loan with Homestead Savings Bank?

To apply for an SBA 7(a) loan with Homestead Savings 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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