Looking for small business loans in Ann Arbor? Nationally, the median small business loan sits at approximately $150,000, though amounts range from $5,000 micro-loans to multi-million-dollar facilities depending on collateral, cash flow, and use.
How it works
Small business loans are debt instruments that provide capital for operations, expansion, equipment, real estate, or working capital, repaid over a fixed or revolving term. As a licensed commercial-loan broker, Ironcrest Lending Group evaluates your revenue, credit profile, time in business, and collateral, then shops your file across multiple lenders to surface the most competitive terms. You see the origination fees, broker compensation, prepayment clauses, and any third-party costs in writing before closing, so there are no surprise line items when documents arrive.
Ann Arbor's mix of university-adjacent service businesses along South State Road and light-industrial operators in Scio Township means financing needs vary widely. A catering company preparing for football-season volume spikes needs different structure than a machine shop buying a CNC mill, and broker networks let us present both scenarios to specialized lenders rather than forcing a one-size-fits-all product.
Small business
Businesses deploy small business loans for inventory build-up before University of Michigan academic-year demand, tenant-improvement work in older Main Street storefronts, vehicle fleets for service routes across Washtenaw County, and bridge capital between receivable cycles. Other frequent applications include hiring ahead of growth, refinancing high-cost merchant cash advances, and acquiring competitor client lists or equipment. Because Ann Arbor's commercial vacancy clusters near Eisenhower Parkway and Plymouth Road corridors, we see steady requests for leasehold-improvement financing when tenants move into shell space.
Lenders typically require at least twelve months in operation, though startup pathways exist under SBA 7(a) loans. Revenue thresholds vary by program: working-capital lines may ask for $250,000 annual top-line, while commercial real estate loans focus on debt-service-coverage ratios above 1.25×. Personal credit scores below 650 narrow the lender pool but do not eliminate options. Collateral can include equipment, receivables, inventory, or real property. Time-in-business, industry risk, and existing leverage all factor into underwriting.
Loan programs
We connect Ann Arbor businesses to SBA 7(a) for long-term, lower-down-payment financing; working capital loans for seasonal or operational gaps; equipment financing secured by the asset itself; commercial real estate mortgages for owner-occupied or investment properties; business lines of credit for flexible draw-and-repay access; and invoice factoring when cash flow timing matters more than cost. Each program carries distinct fee structures, amortization schedules, and collateral requirements, which we map to your balance sheet and growth plan.
How it works
Start with a phone call to (734) 275-4683. We gather three years of business tax returns, interim profit-and-loss statements, a current balance sheet, and a one-page narrative explaining use of funds. Within 48 to 72 hours, we present two or three lender options with side-by-side cost breakdowns: origination points, broker fees, interest-rate structure, prepayment penalties, and any servicing charges. You choose the offer that aligns with your cash flow, we coordinate documentation, and closing typically occurs within two to four weeks depending on collateral complexity.
Visit our office at 5210 S State Rd, Ann Arbor, MI 48108 to review term sheets in person, or we can meet at your location anywhere in Ann Arbor, Scio Township, Pittsfield Township, Saline, Dexter, Ypsilanti, or Superior Township.
A home-goods retailer operating two storefronts near Briarwood Mall wanted to open a third location in downtown Dexter and needed capital for inventory, signage, and six months of rent. The owner had strong revenue but limited liquid collateral. We brokered a combination of equipment financing for point-of-sale systems and shelving, plus a working-capital loan for inventory, splitting the request across two lenders to keep the overall cost lower than a single blanket loan. Full fee disclosure happened at the letter-of-intent stage, and the client knew the all-in cost before signing.
Broker compensation, lender origination fees, legal-review charges, and UCC-filing costs can add three to six percent to the nominal loan amount. When those items appear only at closing, borrowers face a binary choice: walk away after weeks of work or accept terms they did not budget for. Ironcrest Lending Group itemizes every fee in the initial proposal, updates the schedule if underwriting requests additional collateral reviews, and confirms final numbers 72 hours before closing. You will know what you pay, who receives it, and why it is on the settlement statement.
Serving the Ann Arbor area
We know which lenders fund which kinds of Ann Arbor businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
