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Steps to a Small Business Loan: Loan Type, Qualification, Numbers

For many small businesses, financing via a loan is the primary method used for starting or growing a new company. Like many other loan applications, this is a process that has a few essential steps to it, knowing these will help you navigate it properly. At Michigan Certified Development Corporation, we’re here to assist our … Continued

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Comparing Michigan Business Loans and Lines of Credit

Small business owners have multiple methods to consider when funding their growing business needs, two of the most well-known methods are small business loans and lines of credit. Both these benefit borrowers in different ways, but some may have an interest in both — is this a possible scenario?  At Michigan Certified Development Corporation, we’re … Continued

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Small Business Loan Mistakes: Terms, Purpose and Shopping

In part one of this two-part blog series, we went over some of the most common mistakes business owners and managers make when applying for small business loans. This is a process that requires some detail and precision, and there are a few specific errors you want to stay away from as you’re dotting your i’s … Continued

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Small Business Loan Mistakes: No Plan, Poor Credit, Wrong Type

Financing is a vital component for many small businesses, and small business loans are one of the primary methods you have for obtaining it. The process of applying for a small business loan involves some specificity and detail, and there are a few errors or mistakes you want to steer clear of as you’re navigating … Continued

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