Up to $500,000
Estimated Repayment Terms
Starting at 7%
Speed of Funding
As fast as 1 day
Quick & Easy Business Funding in Michigan
When it comes to picking a location for your small business, there are several factors that can play a significant role in your decision. Some of the major ones, population, cost of living and access to resources, can have a direct impact on your business.
That being said, picking the right state for your business is imperative to its success. One state that fits these requisites for most business owners is Michigan. The Great Lake State wasn’t exactly a top destination for business over the previous decade, but since 2009, Michigan finally experienced the type of resurgence everyone expected had been expecting it to.
Jumping from 49th to 28th on Forbes “Best States for Business” list, Michigan has re-emerged as the industrial powerhouse it once was. As the leading automotive producer in the country, and home to large tourist attracting cities like Detroit, Michigan’s top 10 population offers owners a unique business environment to grow with.
Best Small Business Loans in Michigan
Running a small business comes with its own set of challenges, no matter what state you’ve chosen to operate out of. Even businesses in a growing economy like Michigan’s come across the need for additional working capital at one point or another, and when that happens, most owners will turn to traditional lenders like banks for the funding they need.
Over the years, however, companies looking for the best small business loans in Michigan have had trouble working with banks. Banks have become increasingly wary of doing business with smaller companies because it comes with a much larger risk than working with more established businesses.
For this reason, banks have made it harder for small businesses in Michigan to qualify for a loan. Even some of the most qualified small businesses are asked to to provide collateral in their loan agreements, something many small business owners are not in the position to provide.
The high demands of banks have led these companies to look elsewhere for the business funding they need. Online business funding companies like Fast Capital 360 offer the best business funding alternative in Michigan for companies interested in small business loans but are having trouble meeting the high standards of banks.
Fast SBA Loans for Businesses in Michigan
At Fast Capital 360 we offer various financing options to fit the funding needs of multiple businesses. Our application only takes the average user less than 10 minutes to complete and most applicants will receive a decision on their business in less than an hour.
If your company is approved for small business funding in Michigan, you will then speak with one of our experienced business advisors who will walk you through our financing options and which of them best fits your business. Once you find the financing option that works for you, you could receive your working capital advance by the end of the next business day.
While Fast Capital 360 is able to help your business grow with next day business funding, we are also able to facilitate the best SBA loans in Michigan. Working closely with the government backed SBA, Fast Capital 360 is able to get these deals done in under a week. While most of our business funding options in Michigan can be wired the next day, SBA loans must go through the government, requiring that they take a few days longer.
Michigan Business Funding with Fast Capital 360
While SBA loans with Fast Capital 360 take longer than our other financing options, they still function much faster than traditional bank loans. Banks can take up to 90 days just to provide an applicant with a decision, a waiting period many business owners can’t afford to endure. That’s why Fast Capital 360’s SBA loans and easy merchant cash advances have become the preferred alternative to bank loans for businesses in Michigan.
Whether your a local restaurant looking for inventory financing in Detroit or a small medical practice in need of new business equipment funding, Fast Capital 360 has a funding program that fits your needs. To speak with one of our passionate business advisors about the different ways we can help your business grow, call us today at (800) 735-6107 and learn more about the different financing programs we have to offer.
If you’re looking for the best small business loans in Michigan, but are having trouble meeting the high standards of big banks, contact Fast Capital 360 today and find out what you qualify for in under 60 minutes.