Business Loans in Michigan: Your Complete Guide to Financing Options for Established Companies
If you're a business owner in Michigan looking for capital to grow, expand, or seize new opportunities, you're not alone. From Detroit to Grand Rapids, Ann Arbor to Lansing, established businesses across the state need access to strategic financing to compete and scale. Whether you're in Metro Detroit, Oakland County, Macomb County, or anywhere in Michigan, understanding your business loan options is critical to making the right financing decision.
At LVRG Business Funding, we've spent over 20 years helping Michigan businesses access the capital they need. We've deployed more than $1 billion to 10,000+ companies across the state, and we've learned that the right financing at the right time can be the difference between staying stagnant and achieving remarkable growth.
This comprehensive guide covers everything you need to know about business loans in Michigan—from working capital financing to SBA loans, equipment financing to commercial real estate loans. Whether you're based in Detroit, Grand Rapids, Ann Arbor, Lansing, Flint, or any other Michigan community, this guide will help you understand your options and choose the best financing solution for your business.
Why Michigan Businesses Need Access to Capital
Michigan's economy is driven by manufacturing, automotive, construction, healthcare, agriculture, and technology. These industries require significant capital investments to maintain equipment, expand operations, hire talent, and stay competitive. Yet many Michigan business owners find that traditional bank financing is increasingly difficult to access.
Banks have tightened lending requirements, reduced flexibility, and slowed approval processes. This is why many Michigan banks now refer their business loan clients to specialized lenders like LVRG. We combine direct lending capabilities with institutional partnerships to deliver flexible financing solutions that traditional banks simply can't match.
Types of Business Loans Available in Michigan
1. Working Capital Loans
What They Are:
Working capital loans provide immediate cash flow for day-to-day business operations, inventory purchases, payroll, and short-term growth opportunities.
Loan Amounts:
$25,000 to $1,500,000
Best For:
Managing seasonal cash flow gaps
Purchasing inventory
Covering payroll during growth phases
Capitalizing on immediate opportunities
Timeline:
Fast approvals—often within days for qualified businesses
Availability in Michigan:
LVRG provides working capital loans throughout Michigan, including Detroit business loans, Grand Rapids business financing, and funding for companies in Ann Arbor, Lansing, Flint, and across Oakland County, Macomb County, Wayne County, and Kent County.
Who Qualifies:
Established businesses generating $50,000+ in consistent monthly revenue with at least 6 months of operating history.
2. SBA Loans (7a, 504, and SBA Express)
What They Are:
Small Business Administration (SBA) loans are government-backed financing options that offer competitive rates and longer terms than conventional loans.
SBA 7(a) Loans:
Loan Amounts: $500,000 to $5,000,000+
Use Cases: Business acquisitions, expansion, working capital, equipment, commercial real estate
Terms: Up to 25 years for real estate, 10 years for equipment and working capital
Best For: Established businesses with strong financials looking for long-term, affordable financing
SBA 504 Loans:
Loan Amounts: $500,000 to $15,000,000
Use Cases: Owner-occupied commercial real estate purchases, major equipment investments
Terms: 20-25 years with fixed rates
Best For: Businesses purchasing property or making significant fixed asset investments
SBA Express Loans:
Loan Amounts: Up to $350,000
Timeline: Approximately 2 weeks for approval and funding
Use Cases: Working capital, equipment, expansion
Best For: Businesses needing SBA rates and terms with faster approvals
Availability in Michigan:
LVRG facilitates SBA loans for businesses throughout Michigan through institutional banking partners. We serve companies seeking SBA loans in Detroit, Grand Rapids SBA financing, Ann Arbor business loans, and SBA lending across Metro Detroit, Oakland County, Macomb County, and statewide.
Who Qualifies:
Businesses with at least 2 years of operating history, strong credit profiles, and demonstrated ability to repay.
3. Equipment Financing
What It Is:
Equipment financing provides capital to purchase or lease business-critical equipment, machinery, vehicles, and technology.
Loan Amounts:
$100,000 to $50,000,000+
Best For:
Construction companies purchasing heavy machinery
Manufacturing businesses investing in production equipment
Medical practices acquiring diagnostic equipment
Agriculture operations financing tractors and machinery
Transportation companies expanding fleets
Industrial businesses upgrading facilities
Timeline:
Fast approvals for qualified businesses—often within days for direct lending
Availability in Michigan:
LVRG specializes in large equipment financing deals for Michigan businesses. We provide equipment financing in Detroit, Grand Rapids equipment loans, and funding for companies in Ann Arbor, Lansing, Flint, and throughout Oakland County, Macomb County, Wayne County, Kent County, and across Michigan.
Who Qualifies:
Established businesses with strong revenue and equipment financing needs exceeding $100,000.
4. Commercial Real Estate Financing
What It Is:
Commercial real estate financing helps businesses purchase or refinance owner-occupied properties.
Loan Amounts:
$500,000 to $15,000,000
Best For:
Purchasing commercial buildings for business operations
Refinancing existing commercial properties
Expanding facilities
Financing Options:
SBA 504 loans (best rates and terms for owner-occupied properties)
SBA 7(a) loans (flexible for mixed-use properties)
Conventional commercial mortgages
Availability in Michigan:
LVRG provides commercial real estate financing throughout Michigan, including Detroit commercial property loans, Grand Rapids real estate financing, and funding for businesses in Ann Arbor, Lansing, and across Metro Detroit, Oakland County, Macomb County, Wayne County, and statewide.
5. Business Acquisition Financing
What It Is:
Business acquisition loans help entrepreneurs purchase existing businesses or buy out partners.
Loan Amounts:
$500,000 to $15,000,000
Best For:
Acquiring competitor businesses
Buying out business partners
Purchasing established companies with proven revenue
Financing Options:
SBA 7(a) loans (most common for acquisitions)
Conventional acquisition financing
Availability in Michigan:
LVRG facilitates business acquisition financing for Michigan entrepreneurs looking to purchase businesses in Detroit, Grand Rapids, Ann Arbor, Lansing, and throughout the state.
Why Michigan Banks Refer Clients to LVRG
Over the past 20 years, we've built relationships with Michigan banks across the state. Many banks now refer their business loan clients to us because:
Limited Product Offerings: Most banks offer only one or two standard loan products with rigid requirements.
Slow Approval Processes: Traditional bank lending can take weeks or months. We move faster.
Inflexibility: Banks can't structure creative deals or adapt to unique situations. We can.
Deal Size Limitations: Many banks won't handle deals above $1-2 million or below $250,000. We finance from $50,000 to $50,000,000.
Industry Specialization: We understand Michigan industries—manufacturing, construction, automotive, healthcare, and more.
The result: We've become the preferred capital partner for established Michigan businesses that banks can't fully serve.
Geographic Coverage: Business Loans Across Michigan
LVRG Business Funding serves established companies throughout Michigan. Here's where we're actively funding businesses:
Metro Detroit & Surrounding Counties
Detroit business loans: Serving businesses in Michigan's largest city across all industries
Oakland County: Troy, Southfield, Farmington Hills, Rochester Hills, and surrounding communities
Macomb County: Sterling Heights, Warren, Clinton Township, and Metro Detroit suburbs
Wayne County: Dearborn, Livonia, Westland, and the greater Detroit metropolitan area
West Michigan
Grand Rapids business loans: Serving Michigan's second-largest city and Kent County
Holland, Muskegon, and lakeshore communities
Mid-Michigan
Lansing business financing: Serving Michigan's capital city and surrounding Ingham County
Flint and Genesee County
Southeast Michigan
Ann Arbor business loans: Serving Washtenaw County and the University of Michigan corridor
Jackson, Brighton, and surrounding communities
Statewide Coverage
Kalamazoo, Battle Creek, and Southwest Michigan
Traverse City and Northern Michigan
Saginaw, Bay City, and the Great Lakes Bay Region
Upper Peninsula communities
No matter where your business is located in Michigan, LVRG can structure financing solutions to meet your needs.
How to Choose the Right Business Loan in Michigan
Selecting the right financing depends on several factors:
1. Your Funding Timeline
Need capital immediately? Working capital loans offer the fastest approvals.
Can wait 2-4 weeks? SBA Express provides SBA rates with faster timelines.
Planning 60-90 days out? SBA 7(a) and 504 loans offer the best long-term rates.
2. Your Use of Funds
Daily operations: Working capital loans
Equipment purchase: Equipment financing
Real estate: SBA 504 or commercial mortgages
Business acquisition: SBA 7(a) loans
3. Your Business Profile
Strong credit and 2+ years in business? SBA loans offer best rates
6+ months operating with $50K+ monthly revenue? Working capital available
Need $100K+ for equipment? Specialized equipment financing
4. Your Growth Goals
Scaling quickly? Flexible working capital
Long-term investment? SBA financing with favorable terms
Major expansion? SBA 504 or large equipment deals
Why Established Michigan Businesses Choose LVRG
Direct Lending + Institutional Partnerships
We combine our own capital with relationships across 100+ institutional lenders. This means more options, better terms, and faster funding than you'd get from a single bank.
20+ Years of Michigan Experience
We understand Michigan industries, Michigan businesses, and Michigan challenges. We've funded companies in every sector across the state.
$50,000 to $50,000,000 in Financing
From small working capital needs to massive equipment deals, we have the capacity to fund your growth.
Fast Decisions, Transparent Terms
No runarounds. No hidden fees. No false promises. Just clear financing options and expert guidance.
White-Glove Service
You work directly with experienced specialists who understand your business and have the authority to make decisions.
Ready to Fund Your Michigan Business Growth?
If you're an established Michigan business generating $50,000+ in monthly revenue and ready to capitalize on growth opportunities, LVRG Business Funding is here to help.
Whether you need working capital in Detroit, SBA loans in Grand Rapids, equipment financing in Ann Arbor, or business acquisition funding in Lansing—we have the expertise, capacity, and institutional relationships to deliver results.
Contact LVRG Business Funding Today
Headquarters: Downtown Detroit, Michigan
Service Area: Statewide and nationwide
Financing Range: $50,000 to $50,000,000
Apply Online: lvrgfunding.com/apply-now
Call Us: (855) 998-5874
We fund growth, not survival. If you're ready to take your Michigan business to the next level, let's talk.
Frequently Asked Questions About Michigan Business Loans
Q: How fast can I get a business loan in Michigan?
A: Timeline depends on loan type. Working capital loans can fund within days. SBA Express takes approximately 2 weeks. Traditional SBA loans take 60-90 days.
Q: What credit score do I need for a business loan in Michigan?
A: Requirements vary by loan type. Working capital loans have more flexible credit requirements. SBA loans typically require strong credit (680+).
Q: Can I get a business loan if my bank turned me down?
A: Yes. We have more financing options and flexibility than traditional banks. Many of our clients were referred to us after bank denials.
Q: Do you lend to businesses outside Metro Detroit?
A: Absolutely. We serve businesses throughout Michigan—Grand Rapids, Ann Arbor, Lansing, Flint, and every region of the state.
Q: What industries do you finance?
A: We finance established businesses across all industries: manufacturing, construction, healthcare, automotive, agriculture, technology, retail, hospitality, and more.
Q: What's the difference between SBA 7(a) and SBA 504 loans?
A: SBA 7(a) loans are more flexible and can be used for working capital, equipment, real estate, and acquisitions. SBA 504 loans are specifically for owner-occupied real estate and major equipment with the best rates and longest terms.
About LVRG Business Funding
LVRG Business Funding is a Detroit-based boutique lender serving established businesses throughout Michigan and nationwide. For over 20 years, we've deployed more than $1 billion in strategic financing to 10,000+ companies. We specialize in working capital loans, SBA financing, equipment financing, and commercial real estate loans from $50,000 to $50,000,000.
Our clients choose us because we combine direct lending capabilities with institutional partnerships to deliver financing solutions traditional banks can't match. Fast decisions. Transparent terms. Expert guidance from application to funding.
Ready to discuss your capital needs? Click here to apply now or call us at (855) 998-5874 to speak with a specialist.