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Business Loans Michigan

The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured.

Local Companies

Annacore Business Capital
866-767-9723
P.O. Box 701015
Plymouth, MI

Empire Merchant Funding
269-352-5191
8175 Creekside Drive
Kalamazoo, MI

AdReturns MG, LLC
(888) 342-2602
5355 Northland Drive, #117
Grand Rapids, MI

Service Management Systems
(517) 264-2706
1357 S Main St
Adrian, MI

Riverside Auto Group Corporate Office
(906) 786-1600
1505 N Lincoln Rd
Escanaba, MI

Hassig & Sons
(586) 756-7803
5700 Frazho Rd
Warren, MI

Diversified Services
(231) 894-4727
6366 W Flower Rd
Montague, MI

Merit Access
(269) 279-5400
Three Rivers, MI

Raymond James & Associates Inc
(313) 561-0206
23400 Michigan Ave Ste 130
Dearborn, MI

Sodexho
(734) 591-1633
14221 Levan Rd
Livonia, MI

One type of investor that can loan a business money is called an “Angel Investor.” These are professional investors who invest solely in companies. Angel investors are an excellent source of early stage financing. Often times, angel investors will finance a business loan that may appear a risk to commercial banks, or may appear too small to venture capitalists. One downfall to angel investors, they are often highly involved in the business itself. Many business owners do not want someone else running the show, so to speak, and opt to stay away from angel investors for business loans.

Venture Capitalists are in the business of loaning money to businesses that offer strict investment criteria and specialize in very specific high-growth industries. In return for capital, venture capitalists will acquire stock in the company. Venture capitalists generally look for businesses that can show profit within three to five years, and then they move on. However, during those three to five years, venture capitalists play a very active role in shaping the business. This often leads to a lack of control by the business owner.

Both angel investors and venture capitalists can be found by asking your business lawyer or accountant. Or you can conduct your own search via the Internet.

Many individuals turn to family and friends to acquire a business loan. Others may seek financial assistance through business partners or potential customers. No matter whom you ask to lend you the money you need for your business, having a good business plan or blueprint is the key. No investor, large or small, wants to invest in a business that doesn’t have a good foundation, and that always starts with an excellent blueprint.

About the Author:

John Williams is the business loans blogger at http://businessloans.blogspot.com. He reviews business loans and interprets complicated financial data into simple to understand language.

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thePhantomWriters Article Submission Service

Featured Local Company

Annacore Business Capital

866-767-9723
P.O. Box 701015
Plymouth, MI
www.annacorebusinesscapital.com

Read more about Business Loans

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From loans to equity investments, answers about raising money for your business. Find out what your financial options are from borrowing money from your folks to taking out business loans and selling ownership interests.

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Cars	Food & Beverage	Internet	Technology
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