Michigan · MI
Michigan Business Loans
Michigan businesses can apply once and see offers from the lenders in our network that write in MI. Approval rests on recent revenue rather than credit score, so a bank decline is not a barrier. Decisions typically inside 24 hours, funding in as little as 72 hours.
SBA Office of Advocacy, 2025
Small business in Michigan
- 983,079
- 47.7%
- 27,947
Nearly all of those are below the size a bank’s commercial desk is built to write, which is the gap revenue-based funding fills — approval on deposits rather than collateral, in days rather than weeks.
Submit an application- Won't affect your credit
- Free, no obligation
- Up to $500K
Serving businesses across Michigan
- Detroit
- Grand Rapids
- Warren
- Ann Arbor
Applications are accepted from anywhere in Michigan, not only these metros.
Industries
Common in Michigan.
Auto Repair & Mechanics
Independent shops are small and asset-light on paper, so banks decline on size. Daily ticket revenue is steady and verifiable, which is precisely what a revenue-based lender underwrites.
Manufacturing
Manufacturing ties up cash in materials and work in progress long before an invoice is paid, which reads as poor liquidity on a bank's model even when the order book is strong.
Construction
Construction revenue arrives in lumps tied to milestones, so a bank reading twelve months of deposits sees instability. A revenue-based lender reads the same statements and sees a business that collects reliably, just not evenly.
Loan products
What Michigan businesses can apply for.
Advance against future sales
Merchant Cash Advance
A merchant cash advance gives a business a lump sum today in exchange for a fixed percentage of future sales. Approval is based on revenue rather than credit score, so businesses turned down by banks often still qualify. Funding typically lands in one to three business days.
Short-term cash for day-to-day operations
Working Capital Loans
A working capital loan covers day-to-day operating costs — payroll, rent, inventory, payables — rather than a long-term investment. Terms usually run three to eighteen months, decisions come in hours rather than weeks, and most funders weigh recent revenue more heavily than credit history.
Finance the machine, secured by the machine
Equipment Financing
Equipment financing pays for machinery, vehicles or tools, with the equipment itself serving as the collateral. Because the loan is secured by the asset, approval odds are higher and rates are usually lower than unsecured funding — and many businesses qualify with limited credit history.
Draw what you need, pay interest only on what you use
Business Line of Credit
A business line of credit is a revolving limit you draw against as needed, paying interest only on the amount drawn. It suits uneven cash flow and unexpected costs better than a lump-sum loan, and the limit replenishes as you repay.
Free help
SBA district office serving Michigan
Free counselling, SBA loan programmes and local lender lists. Slower than what this site arranges and materially cheaper if you qualify — worth a call before you take an advance, not after.
Before you apply anywhere in MI
Cheaper options in Michigan that we do not place.
These usually cost less than anything we arrange and take longer, with their own paperwork. If the need can wait weeks, try them first. If payroll is due this week, they will not arrive in time.
State program
- Michigan Capital Access Program (opens in a new tab)
A Michigan Strategic Fund program, run by the MEDC, that backs loans participating Michigan banks make to small businesses that might not otherwise get credit.
Free business advice (SBDC)
- Michigan SBDC (opens in a new tab)
Free consulting, tools and resources for Michigan small businesses, hosted by Grand Valley State University.
Community lenders
- Northern Initiatives (opens in a new tab)
A nonprofit CDFI providing loans and know-how to small business owners and start-ups in every county in Michigan.
- Michigan Women Forward (opens in a new tab)
A CDFI making small business loans to women and minority entrepreneurs across Michigan where traditional lending falls short.
FAQ
Michigan funding: common questions.
- Can I get a business loan in Michigan with bad credit?
- Yes, commonly. The lenders in our network that write in MI underwrite on business deposits rather than personal credit score, and many set no minimum score at all. Consistent monthly revenue matters far more than credit history.
- How fast can a Michigan business get funded?
- Decisions usually come back inside 24 hours and funding lands in as little as 72 hours once the file is complete. The slowest step is almost always producing three to six months of bank statements.
- Do funding terms differ in Michigan?
- Pricing and terms follow your business's revenue, deposit history and time in business far more than your state. What your state does determine is which lenders can write your deal at all, which is why the application asks for it up front.
- Which Michigan businesses qualify?
- Most established businesses with consistent monthly deposits, across auto repair & mechanics, manufacturing, construction and many others. Six months of trading opens the majority of options; under that narrows them but rarely closes them entirely.
Also serving near Michigan
One application, every lender we work with
Find out what you qualify for before you need it.
Eleven questions, about two minutes. You see offers side by side and take one, or none.
- Won't affect your credit
- Free, no obligation
- Decisions usually inside 24 hours
- Up to $500K