Michigan Business Loans
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Business Loans for Michigan
The state of Michigan is the epicenter of the U.S automobile industry. Some of the companies that manufacturer their cars in Michigan are household names, such as Ford, General Motors, and Chevrolet. These behemoths have a consistent need to purchase raw materials, parts, machinery, and equipment. This causes a waterfall of needs that have to be serviced by somebody. The result of this is a boom of small businesses in Michigan that supply the major auto companies with the needed good and services. With more business, comes more people, more jobs, more homes, and at the end of the day, a much greater population. The birth of one industry snowballs into the need for many others.
Michigan is loaded with small business owners that provide all different types of services. Like any economy, industries in Michigan include contractors, manufacturing, wholesale and distribution, retail, professional services, and the list goes on and on. To help support the growing economy SMB Compass provides small business loans in Michigan. We have loan programs that start at $25,000 and others that can be as large as $100 million. There are a variety of business loans programs in Michigan to choose from. Schedule a call with a Lending Advisor today to learn more about the business loan options in Michigan.
Small Business Loans Michigan
Here are the many ways to use a small business loan in Michigan
- Acquire small business loans
- Refinance existing loans and credit card debt
- Purchase or refinance commercial real estate
- Buy or lease machinery and equipment
- Purchase inventory and raw materials
- Improve cash flow
- Marketing and advertising campaigns
- Upgrade technology and business software
- Renovate existing office space
- Day-to-day operating expenses
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