I tried to get a small business loan from a big bank in Royal Oak and it was a mess
I needed about $25,000 to buy a second truck for my hauling business. I walked into a big national bank branch in Royal Oak last month, thinking it would be simple. I had my tax returns, my business plan, everything. The loan officer kept asking for more papers, then said my business was too new, even though I've been running it for three years. After two weeks of back and forth, they finally said no. I learned that these big banks just don't get small, local operations like mine. They have a box you need to fit in, and if you don't, you're out. I wasted a lot of time. Has anyone had better luck with a local credit union or a smaller bank around here for a business loan?