States Served
Top Industries Financed
- Beauty Salons
- Fitness and Recreational Sports Centers
- Limited-Service Restaurants
- Other Activities Related to Real Estate
- Child Day Care Services
Quick Summary
MI Bank is an SBA-approved lender headquartered in Bloomfield Township, Michigan. Since 2020, they have approved 19 SBA 7(a) loans totaling $12.0M, with an average loan size of $630K. They serve businesses across 2 states.
About MI Bank
MI Bank is an SBA-approved lender headquartered in Bloomfield Township, Michigan. Since 2020, they have approved 19 SBA 7(a) loans totaling $12.0M, with an average loan size of $630K. They serve businesses across 2 states.
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Frequently Asked Questions
Is MI Bank an SBA Preferred Lender?
MI 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 MI Bank approved?
According to SBA FOIA public records, MI Bank has approved 19 SBA 7(a) loans totaling $12.0M since 2020. Their average loan size is $630K.
What states does MI Bank serve?
MI Bank serves businesses in 2 states: Michigan, New Jersey.
How do I apply for an SBA loan with MI Bank?
To apply for an SBA 7(a) loan with MI 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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