Mi Bank

Mi Bank is a community commercial bank headquartered in Bloomfield Hills, Michigan, serving businesses primarily across the state. Notably described as the first new bank chartered in the Midwest since 2009, it holds SBA Preferred Lending Partner status — a designation that streamlines loan approvals and signals regulatory trust. For small businesses, Mi Bank offers a practical range of financing options including lines of credit, term loans, equipment finance, commercial real estate financing, and construction finance, alongside SBA loans. The bank also appears to have a meaningful focus on nonprofit organizations and entrepreneur support, which may make it a particularly good fit for mission-driven borrowers or early-stage businesses. Specific eligibility requirements such as minimum credit score, revenue thresholds, and financing amounts are not publicly detailed, so prospective borrowers should contact Mi Bank directly to discuss qualification criteria.