U.S. Small Business Administration loans are an excellent way to help finance your small business. If you are looking to purchase equipment, purchase or construct a new building, make an acquisition or refinance existing debt, SBA loans can be great financing option.
Our expertise in SBA 7(a) and SBA 504 loan programs for Michigan small businesses will allow you to leverage a lower down payment AND an extended amortization to minimize your cash outlay while simultaneously improving your business’ cash flow.
Clarkston State Bank has earned recognition from the U.S. Small Business Administration (SBA) as an SBA Preferred Lender Participant (PLP) for its 7(a) loan program. A Preferred Lender is considered an expert in SBA regulations and guidelines and is granted the authority to act as a direct agent of the federal agency. This designation also expedites the approval process by the SBA, providing a substantial benefit to applicants.
Below is an introduction to these loan programs available to Michigan businesses through Clarkston State Bank. For more details, contact one of our experienced lenders at (248) 922-2700, and to see if an SBA loan is right for your business.