Oxford Bank
MI
SBA-approved lender offering 7 loan programs across 10 industries.
Key Metrics
Interest Rate
9.12%
2.37% over prime
Average Loan
$523K
Per approval
Total Approvals
23
FY 2025
Loan Programs (7)
7a General
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
Preferred Lenders Program
New Business or 2 years or less
Fixed Rates
Industries Served (10)
All Other Miscellaneous ManufacturingBeauty SalonsDrywall and Insulation ContractorsFull-Service RestaurantsGeneral Freight Trucking, Long Distance, TruckloadLimited-Service RestaurantsOther Engine Equipment ManufacturingPlumbing, Heating, and Air-Conditioning ContractorsSnack and Nonalcoholic Beverage BarsTile and Terrazzo Contractors
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.37%
- Effective Rate
- 9.12%
- Fiscal Year
- 2025
- States Served
- MI
- Website
- www.oxfordbank.bank
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