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Lenders

Bank Michigan

Bank Michigan is a community bank in southeast Michigan that has been banking the area for over 100 years. Its commercial real estate lending funds the purchase of warehouse, retail, and other business property, facility expansion and remodeling, and the refinancing of existing property loans.

Alongside commercial real estate it runs a medical practice lending program and SBA lending; the bank describes itself as Washtenaw County's number one SBA 7(a) lender. It presents the commercial lending team as an advisory resource as well as a funding source, with industry expertise offered alongside the loan.

Business banking around the loan includes Clearly Free Business Checking, treasury management covering wire transfers and ACH, forecasting and fraud controls, merchant card processing, remote deposit capture, safe deposit boxes, telephone banking, and a Bank at Work program that extends employee banking to a borrower's staff. Customers withdraw free at more than 55,000 Allpoint ATMs. Deposits are FDIC-insured.

The bank is reached through its branch network. Loan minimums, rate structures, recourse terms, and which property types it will underwrite are not published; ask the commercial lending team directly.

Best for

Southeast Michigan business owners buying, refinancing, or remodeling commercial property, and Washtenaw County borrowers who want an SBA 7(a) loan from a local bank that keeps the credit decision in-house.

What they do

  • Commercial real estate purchase and refinance loans
  • SBA 7(a) loans
  • Medical practice lending
  • Business checking accounts
  • Treasury management, including ACH and wire transfers
  • Merchant card processing
  • Remote deposit capture
  • Business online and mobile banking
  • Bank at Work employee banking

Details

AttributeValue
MembershipsFDIC-insured
Lender typeBank, Portfolio, SBA
Cash-out refinanceYes

What stands out

  • Describes itself as Washtenaw County's number one SBA 7(a) lender.
  • Has been banking businesses in southeast Michigan for over 100 years.
  • Customers withdraw free at more than 55,000 Allpoint ATMs nationwide.