Finding Commercial Loans in Michigan

If you are looking for commercial loans in Michigan, there are options available to you.

However, knowing what type of lender you want to work with is very important.

Working with a traditional lender, such as a bank, limits your options and lengthens your wait time for funding.

Traditional lenders often have a large range of criteria to evaluate when approving commercial loans.

Sometimes, evaluations can take up to 12 months!

Many businesses simply cannot afford to wait so long to know if they'll get approved or not.

Private lenders in Michigan, on the other hand, have a much shorter evaluation list and period.

They can give you an approval in a matter of days or weeks, getting you the funding you need when you need it.

Construction Loans in Michigan

Construction loans, sometimes referred to as “story loans,” are another option that private lenders offer to borrowers, if they are working on an upcoming project and need funding to complete the job.

They are called “story loans” because the loan is evaluated on the viability of the project and the lender decides whether or not they are going to approve it.

Construction loans are typically short-term in scope. They provide funding for things like material for projects, permits, or even paying workmen to start project.

A construction loan is designed to be repaid after the project is completed, meaning they are generally funded for up to a year (12 months). 

Providing the proper documentation is necessary, in addition to a well written business plan/executive summary.

Michigan Bridge Loans

A bridge loan is a loan provided by the lender that lets the borrower get funding in a timely manner while waiting on additional primary funding.

A bridge loan is not designed to be a primary funding source, merely a "bridge", if you will, to assist the borrower until primary funding arrives. This means its a short-term loan.

An added benefit of a bridge loan is that it usually has an open final payment date, allowing the borrower a bit of extended time in case the primary funding is late.

This prevents the borrower from having to default on payment should the primary funding arrive days, or even weeks later.

Michigan Geographical & Regional Information

Michigan is known as “The Great Lakes State” or “The Wolverine State”.  It is comprised of 9.9 million residents, ranking at 9th in population.

The average annual income is over $40,000. Unique to the states, Michigan is the only state with two peninsulas.  Michigan's gross state income was over $384 billion in 2013.

Michigan's known for the manufacturing of automobiles.

Private Lenders in Michigan and
Michigan Hard Money Loans

Finding the right lender is an important decision. The choice between a traditional lender and a Michigan private lender should be the first consideration.

When seeking commercial loans in Michigan, hard money loans, or bridge loans, Business-Funding-Advisors.com can assist you.

Our consultants can help you with the many options available to you. Our network of private lenders in Michigan means we can find the right loan for your situation.

As these are private lender-sourced funds, they aren't subject to the strict FDIC regulations. Since private lenders set their own guidelines, it means they can approve many more commercial loans in Michigan!...and they're funded much quicker than traditional banks!

If you need commercial loans in Michigan, fill out the short form below. One of our consultants will contact you within 24 hours.

QUICK COMMERCIAL LOAN APPLICATION

We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.

- Minimum loan amounts (for commercial building projects): $100K with no maximum.

(Loans approved for commercial only, not single-family residential projects.)

- No pre-payment penalties on programs offered.

We will respond to your loan application within 24 hours!

Merchant Cash Advance and

Working Capital Loan Programs

are available in:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Commercial loans are available in:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming