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

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

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

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

The Small Business Association is known for providing various types of funding to help small businesses. Funding options vary, including specific research, growth, and other funding. According to Fundera, about 48% of small businesses have their financing needs met, making access to additional funding essential for these companies. Today, 504 SBA loans are quickly gaining … Continued

If you’re a small business owner exploring financing options, you may be wondering what benefits a CDC lender can provide your company. CDC lenders, or Certified Development Companies, are nonprofit corporations that provide financing assistance to small businesses. Here are some of the key advantages CDC lenders offer. Getting Low-Interest, Long-Term Loans One of the … Continued

Getting a small business off the ground can feel like a daunting task. Loans from the SBA can be an essential part of the process. According to Zippia, the average SBA loan is in the amount of $417,316, while the maximum is estimated to be around $5 million. With these essential funds, potential small business … Continued