SBA Loans in Troy, MI

SBA loans are partially guaranteed by the U.S. Small Business Administration, which allows lenders to approve larger amounts with longer repayment schedules than conventional commercial credit. The 7(a) program covers working capital, equipment, tenant improvements, and owner-occupied real estate. The 504 program finances commercial property and heavy equipment with fixed rates and terms up to 25 years, ideal for Troy businesses anchored along the Big Beaver Road corridor or near the Somerset Collection district where lease rates push owners toward purchase.

Because Lakeridge Commercial Capital is a broker, we review your financial profile before submission, identify which SBA lenders in Michigan accept your industry and collateral mix, and package the file to address underwriter questions early. That front-end work saves weeks and reduces the chance of mid-process requests that delay closing.

We start every engagement by explaining what underwriters will scrutinize: two years of business tax returns, interim profit-and-loss statements, a use-of-funds narrative, and personal credit profiles for owners holding 20 percent or more equity. Once we confirm your file meets SBA eligibility standards, we present it to lenders whose appetite matches your request.

Visit us at 11080 Hall Road in Sterling Heights, a short drive south on I-75 from Troy, or call (586) 366-7772 to discuss your scenario. Learn more about our SBA Loans program or explore other financing options on our Troy service page.