Business Loans & Small Business Funding in Detroit
When the city of Detroit, Michigan filed for Chapter 9 bankruptcy in the summer of 2013, many thought the city would never bounceback. The bankruptcy remains the largest municipal filing in U.S. history with an estimated $18 – $20 billion in debt. Facing an incredible uphill climb, the people of The Motor City focused on the future and have slowly begun to revitalize their once thriving metropolis, day by day, business by business.
Detroit Proper is home to more than half of a million people and thousands of businesses. Metro Detroit has more than four million residents and millions more visitors per year. The Motor City has a long history of innovative industries – look no further than the automobile – that built the backbone of the modern American economy and buoyed the middle class.
Opportunities for businesses in Wayne County, MI are plentiful, with so many homes to service, mouths to feed, patients to care for and customers to serve. Established businesses under the right guidance and with the right business plan, can exist here for decades and truly become a part of the fabric of the community. The challenge to established businesses, however, lies in the competition in America’s comeback city.
In order for businesses to stay competitive in the face of startups that are hungry for market share, they need to reinvest in their company consistently. A refresh, remodel or new staff can make a major impact on how customers or clients see your business in Detroit, MI. Unfortunately, it can be difficult for small business owners to locate the needed capital to make a real change. That’s where alternative funding options for business loan like Fast Capital 360 come in.
Find the lowest rates on business loans
Small Business Funding in Detroit, MI, Made Simple
A decade ago, the big banks were the only game in town for working capital funding. When Fast Capital 360 was founded in 2009, we changed that by giving small businesses the money they needed without the hassle that is customary at the major financial institutions in Detroit.
Our funding programs are based on the belief that small businesses shouldn’t have to jump through hoops and then wait around to find out if they have been approved. We worked to earn the trust of business owners across the country and have earned the distinction of being the number one source for funding alternatives to small business loans online according to Crowdreviews.com.
Many banking institutions routinely make loan applicants wait 90 days to learn if they’ve been approved with some applicants reporting waits as long as six-months. Our applicants are notified of their approval within hours, in fact, most users wait just 60 minutes to be approved for funding.
Once your funding program is approved, our funding alternatives to short-term small business loans can arrive in your bank account by the end of the next business day. Many business owners go from application to cash in their hand in under 24 hours.
While fast merchant advances aren’t for everyone, most small business owners appreciate that they can receive the cash they qualify for in as little as one business day, allowing them to take advantage of every opportunity available to them in real-time. We place zero stipulations on our business funding in Detroit, so that they can be used for virtually any purpose, at any time.
Whether you’re in the market for a traditional loan for your retail shop or any other industry in Detroit, Fast Capital 360 can help with simplified business funding. Our business advisors are available to help you evaluate every funding option available to you without pressuring you to make a decision.