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July 2024 Newsletter

Owner Mike Lintz had no idea back in 2014 by offering to cater a luncheon for his church he’d become a business owner. His barbecued pulled pork received so much positive feedback it inspired him to purchase his first smoker. By word of mouth, he was cooking for open houses, family occasions and eventually weddings … Continued

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The Capital Conundrum: Funding Your Small Business Dreams

For enthusiastic entrepreneurs across America, the allure of running your own small business remains magnetic. However, securing sufficient capital is one of the toughest early obstacles. In fact, inadequate capitalization leads directly to high rates of company failures. Clearly, capital matters – but not all funding sources are created equal. Startling Statistics The numbers reveal … Continued

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What Is Loan Amortization?

As a small business owner, you know securing financing can be critical to starting or growing your company. One term you’ll come across when applying for a loan is amortization. But what exactly does it mean and why does it matter? Let’s find out. The Basics of Loan Amortization Amortization refers to the process of … Continued

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June 2024 Newsletter

SBA has removed 504 Loan Program’s cap on lending for clean energy projects.

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How to Build Business Credit in Michigan

As a Michigan small business owner, establishing strong business credit should be a top priority. Good business credit opens up funding opportunities, provides flexibility, and enables you to grow on your terms. According to statistics from the SBA, only 0.01% of US businesses are classified as not being small in size. Here are tips to … Continued

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Top Tips to Receive Startup Funding

Obtaining startup funding can seem incredibly daunting as a new entrepreneur. After all, only 9% of small businesses received no capital after applying for a loan according to Fundera. However, securing those critical startup loans or investments is very achievable if you lay the proper groundwork first. Use these key tips to get on the … Continued

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How Do I Get an SBA 504 Loan?

As you seek funding for your small business, you may want to look into SBA loans. The 504 SBA rates may be more favorable than other means of funding. Here’s how you can get an SBA 504 loan. Stay Out of Trouble On paper, your business is the perfect candidate for an SBA loan. You’re … Continued

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Get to Know the Requirements of SBA Loan Eligibility

Are you interested in business loans? If you’re operating a small business that has shown some growth, business loans in MI may help take it to the next step. Over 32% of small business loan applicants used online lenders to source their funding last year, according to Fundera. Here are some of the requirements for … Continued

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