Sterling Heights Small Business Loans

The City of Sterling Heights, situated along the banks of the Clinton River, is not only one of Michigan's largest in terms of population but also one of its largest in area. It is also one of the Michigan's fastest growing large cities. Located in Macomb County, Sterling Heights lies about 25 miles northeast of Detroit. Nearby communities include Warren (to the south), Troy (to the west), and Mt. Clemens (to the east). Sterling Heights is serviced by Michigan State Highways 53 and 59; and is close to Interstates I-75, I-94, and I-696.

Settlement in the area now made up by Sterling Heights began shortly after the Revolutionary War. Farmers soon took advantage of the area's rich soil and built large homesteads, and by 1880, Sterling Township was a prosperous rural area consisting of farm homes and fields of wheat, corn and other crops. When the railroad era arrived, passenger trains from the Detroit and Bay City Railroad passed through Sterling Township four times a day. Upon its incorporation as a city in 1968, Sterling Township became Sterling Heights. The word "Heights" was added to the township name to avoid conflict with the existing village of Sterling located in Arenac County. Sterling Heights today is home to literally thousands of commercial and industrial businesses and is considered an integral part of the greater Detroit metropolitan area.

LVRG Funding is here to help your small business thrive in Sterling Heights, MI

Small Business is the lifeblood of any community. From purchasing inventory and equipment to remodeling and advertising, small businesses throughout Sterling Heights need capital for many reasons. LVRG offers Small Business Loans, Lines of Credit, Term Loans, Merchant Cash Advances and other small business funding options to help you overcome the challenges unique to your business, or to take advantage of important time sensitive opportunities. Our business financing products may be used for any business expense, even if you just need an influx of capital to boost your cash flow. We offer both fixed and flexible repayment options, customizing your funding to meet your business's cash flow model. With LVRG, Sterling Heights small business owners can get $4,000 to $1,000,000 in as little as 24 hours.

Why do business in Sterling Heights?

The City of Sterling Heights is the third largest in area and the fourth largest in population in the State of Michigan. Located in Macomb County in the Southeast Region of the state, Sterling Heights has a population of 131,224 people living within 36.51 square miles. The city is home to more than 10,500 commercial and industrial firms, including Fiat-Chrysler Automobiles, Ford Motor Company, Mayco Plastics, General Dynamics, BAE Systems, and KUKA Systems Corporation. Key industries include the defense, automotive, and advanced manufacturing industries, equaling more than 83,000 employees in the Macomb County area. Other significant industries include healthcare, and retail and hospitality. 

1. Defense Industry

Approximately 65% of all the defense work produced by the State of Michigan is done in Sterling Heights and the surrounding Macomb area. With over 6,000 defense contractors and 404 defense establishments in the county, the region has produced over $26 billion of defense contracts between 2000 and 2010. Major defense employers located in the area include General Dynamics Land Systems, BAE Systems, Science Applications International Corporation, DRS Technologies, Navistar Defense, Oshkosh, and Lockheed Martin. In addition, Sterling Heights is in close proximity to the U.S. Army Tankautomotive and Armaments Command (TACOM) and the U.S. Army Tank Automotive Research Development and Engineering Center (TARDEC), which are both located in the adjacent city of Warren.

2. Automotive & Advanced Manufacturing Industries

Sterling Heights is home to four OEM vehicle productions plants: the Fiat-Chrysler Sterling Heights Assembly Plant, the Fiat-Chrysler Stamping Plant, the Ford Van Dyke Transmission Plant, and the Ford Axle Plant. In addition, over 76,000 automotive, engineering and design, technicians and skilled trades professionals work in the Sterling Heights and Macomb County area. The automotive and manufacturing industries continue to be a cornerstone of the city’s local, regional, and statewide economy.

Sterling Heights is on the move, and we're here here to help the small business community thrive! A Small Business Loan, Line of Credit, or Cash Advance from LVRG Funding can make previously unavailable opportunities obtainable. With ready access to business capital, the possibilities are literally limitless, offering the assets you need to promote a positive trajectory and inspire healthy growth.

Headquartered in the Detroit's Historic Ford Building, LVRG Funding is a local funding firm dedicated to helping the local small business community thrive and grow. With a dedication to our clientele and a reputation for excellence, you'll understand why LVRG is such a respected member of the Sterling Heights small business community. Give us a call today (855) 998-5874, we're here to help!