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SBA Loan Forgiveness Programs: What Michigan Business Owners Need to Know

Small Business Administration (SBA) loan forgiveness programs have become a lifeline for many Michigan business owners navigating the complexities of financial recovery. As companies strive to stabilize in the aftermath of economic challenges, understanding the intricacies of these programs is crucial. In this article, we’ll delve into the essential aspects of SBA loan forgiveness that … Continued

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Tips for Maximizing the Benefits of SBA Loans for Your Michigan Business

Small Business Administration (SBA) loans can be a game-changer for your Michigan business, providing the necessary capital to fuel growth, expand operations, and weather economic hardships. With various SBA loan programs available, understanding how to maximize the benefits can significantly contribute to your business’s success. This blog post highlights essential tips to help you make … Continued

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Why Your Business’s Net Worth Is Important When it Comes to Loans

When you’re exploring financing options like 504 SBA loans for your business, one of the key factors lenders look at is your net worth. But what exactly does that mean? Your net worth is simply the value of everything your business owns, minus the total liabilities or debts. This provides a snapshot of the financial … Continued

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What Are CDC Loans?

If you are a small business owner, CDC loans are a topic in which you should become an expert. According to the Small Business Administration (SBA), only 48% of small business owners can meet their financing needs. Fortunately, CDC loans can be a solution. Here is what you need to know. 1. What Is a … Continued

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September 2024 Newsletter

Customers continuously praise the friendly crew of Cross & Lincoln for their incredible workmanship and customer service.

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August 2024 Newsletter

Entrepreneurs Stanley Schafer, John Harte and Barbara Pappas-Harte have constructed the best drive-up storage units in the Brighton area.

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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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