Michigan Business Financing | LVRG Business Funding

Michigan's #1 Commercial Lending Authority | Conventional Bank Financing for Established Michigan Businesses

Business Term Loans - Working Capital Lines of Credit - Commercial Real Estate - Multifamily - Strip Mall and Retail - Cash Out Refinancing | $250,000 to $50,000,000+

Current Conventional Rates - April 2026

Prime Rate: 6.75%

Conventional Financing Starting At: 5.85% APR

Typical Range: Prime Plus or Minus 1%

Working Capital Lines of Credit: Typically Prime Rate - Prime + 0.25% to Prime + 0.50% Depending on File Strength

(855) 998-5874 | info@lvrgllc.com | lvrgllc.com/get-in-touch

LVRG Business Funding | 615 Griswold St., Suite 700 | Detroit, MI 48226

Metro Detroit - Grand Rapids - Ann Arbor - Lansing - Kalamazoo - Traverse City - All 83 Michigan Counties

Most Michigan business owners believe conventional bank financing works like this: you have a relationship with your bank, you walk in, you ask for a loan, and your bank takes care of you.

That is not how it works.

Every bank in Michigan operates within its own lending appetite - its own credit criteria, its own preferred industries, its own rate structure, its own term limits, its own definition of what a strong deal looks like. A business owner with excellent credit, a profitable operation, and a legitimate capital need can walk into three different Michigan banks and receive three materially different answers. One bank caps commercial real estate at 15 years. Another goes 25. One prices working capital lines at Prime plus one. Another delivers Prime flat for the right file. One lends aggressively to Michigan manufacturers. Another has pulled back from the sector entirely.

The business owner who goes to one bank and accepts one answer is not getting the best available conventional financing. They are getting that bank's answer - which is not the same thing.

LVRG Business Funding changes this entirely. We are not a bank. We are the team that operates on the borrower's side of the table - analyzing the deal, building the loan package to institutional standards, and selecting the specific bank from our network of 35 or more active institutional lenders whose current appetite, rate positioning, and program capabilities make them precisely right for each specific transaction.

The result is conventional bank financing - real institutional capital, real bank underwriting, real terms - delivered at rates starting at 5.85% APR through structures and relationships most Michigan businesses cannot access on their own.

Call (855) 998-5874 to speak directly with a Michigan commercial financing specialist.

Get in Touch at lvrgllc.com/get-in-touch for a response within 24 hours.

Banks Approve or Decline. LVRG Structures.

This is the distinction that matters most in Michigan conventional commercial lending - and the one most business owners never understand until they have already accepted terms that did not reflect the best the market could deliver.

A bank evaluates what you bring them and issues an approval or a decline. That is their process. They are not analyzing your deal before you apply to make sure it is positioned for the strongest possible outcome. They are not comparing their answer to what 35 other institutional lenders might offer. They are not building a loan package designed to compete across the full market. They are running your application through their credit box and giving you their answer.

LVRG determines what you should be bringing - and to whom - before you ever submit an application.

Every engagement begins with a comprehensive analysis of the business or the property - financials, cash flow, debt profile, collateral, credit, and growth objectives. We build the loan package to institutional standards before any lender sees it. We select the right institution from our network based on their current lending appetite, their rate positioning today, their program capabilities, and their track record with the specific deal type. One submission. To the right bank. With the right structure.

From there we manage everything. Underwriting communication. Condition resolution. Appraisal coordination. Attorney and accountant coordination. Closing. The deal moves from first conversation through funded with a team that operates entirely on the borrower's side of the table - not the bank's.

In the past six months LVRG has not encountered a conventional financing term sheet from any Michigan bank - or any national institution - that we were not able to match or beat for qualified borrowers. Not because we are larger. Because we have built the relationships, the process, and the institutional access over 20 years that consistently produce better outcomes than any single banking relationship can deliver.

That is the deal behind the deal. That is LVRG.

Who Qualifies for Conventional Commercial Bank Financing in Michigan

Conventional commercial bank financing in Michigan is available to established, profitable businesses and experienced commercial real estate investors with strong personal credit of 680 or above, demonstrated business profitability, strong personal financial statements, and a minimum of 2 years operating history. Properties must be cash flowing. This is institutional bank underwriting - not alternative financing for businesses that cannot qualify conventionally.

Everything on this page is conventional commercial bank financing. Real bank underwriting. Real institutional standards. Not alternative financing, not factoring, not merchant cash advances, not bridge loans, and not any form of non-bank capital.

To qualify for conventional bank financing through LVRG, a borrower generally needs:

Personal Credit: 680 or above for all owners and guarantors with a clean, strong credit history

Personal Financial Statement: Net worth, liquidity, and overall financial strength appropriate to the financing requested

Business Performance: Profitable, minimum 2 years operating history, financial records that reconcile cleanly with tax returns

Property Performance: All real estate must be cash flowing - institutional banks do not finance vacant or non-performing properties

Business Scale: Established small to mid-market Michigan businesses and experienced commercial real estate investors - not startups, not distressed situations, not businesses that cannot qualify for conventional financing on their own merits

These are the standards Michigan's institutional banks require. LVRG's value is not in lowering those standards. It is in making sure every borrower who meets them receives the most competitive structure, the best available rate, and the most favorable terms the market can deliver - not just what one bank was willing to offer.

Conventional Business Term Loans for Michigan Companies

Conventional business term loans in Michigan are available starting at 5.85% APR for qualified borrowers - Prime minus 1% at today's Prime of 6.75% - with terms from 3 to 10 years for most business purposes and up to 25 years for commercial real estate. LVRG structures conventional term loans through institutional banking relationships that deliver rates and terms most Michigan businesses cannot access through a single bank.

Loan Amounts: $250,000 to $50,000,000 and above

Current Rates: Starting at 5.85% APR. Typical range Prime plus or minus 1% depending on loan amount, term, collateral, and borrower strength.

Repayment Terms: 3 to 10 years for most business purposes. Up to 25 years for commercial real estate.

Best For: Business expansion, major capital investments, facility purchases, ownership transitions, partner buyouts, and any established Michigan business requiring substantial conventional bank capital at the most competitive available terms

A conventional business term loan is the foundation of commercial bank lending - fixed capital deployed for a defined purpose, repaid over a structured term through the operating cash flow of the business. For established Michigan companies making significant growth investments, conventional term loans through LVRG's banking relationships deliver institutional capital at rates starting at 5.85% APR with structures built around the specific transaction and the specific business - not a generic product applied uniformly to every borrower.

What makes LVRG's approach different from walking into a bank: We analyze the deal before any lender sees it. We structure the loan package to institutional standards. We select the bank whose current rate positioning, term capabilities, and industry appetite make them the right institution for that specific deal on that specific day. The difference between a business owner who closes at 5.85% on a 25-year term and one who accepts 7.5% on a 10-year term because that is what their bank offered is not a minor detail. On a $2,000,000 loan it is hundreds of thousands of dollars over the life of the financing.

Michigan Conventional Term Loan Transaction - Grand Rapids HVAC Contractor

An established Grand Rapids HVAC contractor needed $380,000 to consolidate multiple high-rate obligations into a single conventional bank structure at a competitive rate over 7 years. Monthly payments dropped from $12,400 to $6,100 - a 51% reduction - freeing $6,300 in monthly cash flow. Within 18 months the company added 4 technicians, purchased 3 commercial vehicles, and grew annual revenue 32%.

Working Capital Lines of Credit for Michigan Businesses

A working capital line of credit gives an established Michigan business a pre-approved revolving credit facility - typically $100,000 to $5,000,000 or more - that draws as needed and repays as cash flows in. Interest is charged only on amounts drawn, meaning there is effectively zero cost to keeping the line available. For established Michigan businesses, this is the most flexible and cost-effective way to manage cash flow, fund seasonal needs, and capture opportunities without waiting for a new loan approval.

Loan Amounts: $100,000 to $5,000,000 and above

Current Rates: Typically Prime rate - currently 6.75%. Could be Prime + 0.25% to Prime + 0.50% depending on file strength, line amount, and borrower profile. All through institutional banks.

Structure: Revolving credit. Interest only on drawn amounts. Zero cost when unused.

Best For: Every established Michigan business - operational liquidity, inventory, receivables management, seasonal capital needs, and capturing opportunities that require immediate capital without the timeline of a new loan approval

For established Michigan businesses, a working capital line of credit is not optional financial infrastructure. It is essential. The business that operates without one is operating with unnecessary risk - one slow receivables cycle, one unexpected equipment repair, one time-sensitive opportunity that requires capital within days rather than weeks. Without a line in place, a profitable business either misses the moment or makes an expensive financing decision under pressure.

Here is what Prime rate access to a revolving line actually looks like in practice.

A Metro Detroit precision metal stamping company serving automotive and industrial customers maintains a $2,000,000 working capital line of credit through LVRG's banking relationships. When major customers place large orders requiring significant steel inventory investment, the company draws $500,000 to $800,000 to purchase materials at the best available pricing. As finished parts are delivered and customers remit payment - typically 30 to 60 days - draws are repaid and the line resets for the next production cycle.

During automotive industry shutdowns in July, December, and January, the company draws $300,000 to $400,000 to cover payroll and operational expenses while customer orders pause. When production resumes and receivables are collected, the line is paid down. The business never misses payroll. Never declines a production run. Never injects personal capital. Never pays an emergency financing premium.

Without that line, the company would maintain substantially higher idle cash reserves, decline capital-intensive orders, or resort to expensive short-term alternatives during cyclical downturns. The cost of having the line available - when it sits unused - is zero.

The most important thing Michigan business owners need to know about working capital lines of credit: Establish the line before you need it. Banks approve working capital lines based on business strength during normal operations - not during a cash flow crunch. A business attempting to establish a line when receivables are slow, revenue has dipped, or an urgent need exists will receive a decline or unfavorable terms. The time to establish the line is when the business is strong and profitable. That is when Prime rate terms are available. That is when the full line amount is approved.

Common uses for working capital lines of credit in Michigan businesses:

Raw material purchases for manufacturing production cycles. Accounts receivable gap coverage while waiting on commercial customer remittances. Seasonal inventory investment before peak revenue periods. Payroll coverage during project gaps in construction and contracting. Opportunity capital when a competitor exits the market or below-market equipment becomes available. Hiring investment before new contract revenue materializes.

Conventional Commercial Real Estate Financing for Michigan Businesses

Conventional commercial real estate financing in Michigan is available starting at 5.85% APR with terms up to 25 years - and through specific program structures available through LVRG's institutional banking relationships, qualified Michigan businesses can purchase commercial real estate with zero down payment. Most Michigan businesses never know this option exists because most banks will not underwrite it.

Loan Amounts: $500,000 to $25,000,000 and above

Current Rates: Starting at 5.85% APR. Typical range Prime plus or minus 1%.

Repayment Terms: Up to 25 years

Down Payment: As low as zero for qualified borrowers through specific conventional program structures

Best For: Owner-occupied commercial real estate, investment properties, manufacturing facilities, warehouse and distribution centers, office buildings, medical and dental offices, automotive service centers, retail locations, and any Michigan business or investor acquiring, refinancing, or repositioning commercial property

Every commercial rent payment a Michigan business makes builds the landlord's equity. It builds nothing for the business paying it.

LVRG structures conventional commercial real estate financing for established Michigan businesses and investors - owner-occupied facilities, income-producing investment properties, and everything in between. Conventional commercial mortgages through LVRG's institutional banking relationships deliver rates starting at 5.85% APR, terms up to 25 years, and structures most Michigan businesses cannot access through a single bank relationship.

No Money Down Conventional Commercial Real Estate

Through specific conventional program structures available through LVRG's institutional banking relationships, qualified Michigan businesses can purchase commercial real estate with zero down payment. This is a program-level reality available to established businesses with strong personal credit, strong personal financial statements, and properties that meet conventional bank underwriting standards - not a promotional claim.

On a $2,000,000 commercial property, conventional financing at 20% down requires $400,000 at closing - capital locked in real estate equity from day one. Through LVRG's no money down conventional program, that same qualified borrower puts zero down. The $400,000 stays in the business - deployed into equipment, working capital, hiring, and growth rather than sitting in a building.

Owner-Occupied Commercial Real Estate for Michigan Businesses

Michigan manufacturers buying production facilities. Medical and dental practices purchasing the offices they currently lease. HVAC and mechanical contractors acquiring their own facilities. Auto service businesses owning their locations. Professional services firms eliminating lease exposure. Any established Michigan business that occupies commercial space and wants to convert that monthly lease expense into equity-building mortgage ownership.

Ownership eliminates lease renewal uncertainty. Provides complete facility control for modifications and expansion. Creates a balance sheet asset that strengthens borrowing capacity for future growth. And in most cases delivers a lower total monthly occupancy cost than the lease it replaces.

Michigan Conventional CRE Transaction - Ann Arbor Medical Practice

A medical practice group purchased a 12,000 square foot medical office building for $2,400,000 rather than renewing their lease at $26,917 monthly. Conventional commercial real estate financing through LVRG delivered a combined monthly mortgage and property expense of $20,800 - saving $73,404 annually compared to the lease while building equity and gaining 3,500 additional square feet for practice expansion.

Multifamily Financing for Michigan Investors

Conventional bank financing for Michigan multifamily properties is available starting at 5.85% APR with terms up to 25 to 30 years for cash flowing apartment buildings and mixed-use investment properties. Qualified investors need personal credit of 680 or above, demonstrated investment experience, and properties with in-place rental income supporting debt service comfortably.

Loan Amounts: $500,000 to $25,000,000 and above

Current Rates: Starting at 5.85% APR. Typical range Prime plus or minus 1%.

Repayment Terms: Up to 25 to 30 years depending on property and structure

Best For: Apartment buildings, mixed-use properties with residential income components, and income-producing multifamily real estate throughout Michigan held by experienced investors with strong credit and strong personal financials

Michigan's multifamily market spans Metro Detroit and the surrounding communities of Oakland, Macomb, and Wayne Counties, Grand Rapids and West Michigan's growing rental demand, Ann Arbor's dense residential investment market, Lansing's steady institutional tenant base, Kalamazoo's expanding university-adjacent rental sector, and established rental communities across Northern Michigan and the Upper Peninsula. LVRG structures conventional bank financing for Michigan multifamily investors through institutional banking relationships that deliver competitive rates and flexible structures unavailable through a single bank relationship.

What Michigan institutional banks require for multifamily financing:

Cash Flow: The property must demonstrate sufficient net operating income to cover the mortgage payment based on actual in-place rents - not projections.

Investor Experience: Demonstrated experience owning and operating income-producing real estate. First-time multifamily investors face significantly higher scrutiny and in many cases do not qualify for conventional institutional financing without existing property ownership history.

Personal Credit and Financial Strength: 680 or above personal credit for all borrowers and guarantors. A strong personal financial statement demonstrating net worth and liquidity appropriate to the investment size.

Property Condition and Market Position: Conventional banks finance performing properties in established rental markets - not properties requiring significant rehabilitation, not properties in declining markets with chronic vacancy, and not speculative acquisitions of vacant buildings.

LVRG does not finance vacant multifamily properties, properties requiring significant stabilization, or speculative land acquisitions. The property must be performing. The borrower must be experienced and financially strong.

Strip Mall and Retail Property Financing for Michigan Investors

Conventional bank financing for Michigan strip malls and multi-tenant retail properties is available for stabilized, cash flowing properties with quality tenant mixes. Experienced investors with strong personal credit of 680 or above and strong personal financial statements qualify. Terms and structures vary based on property performance, location, and borrower strength.

Loan Amounts: $1,000,000 to $25,000,000 and above

Current Rates: Starting at 5.85% APR. Typical range Prime plus or minus 1%.

Repayment Terms: Up to 25 years

Best For: Strip malls, neighborhood retail centers, anchored shopping centers, and multi-tenant retail properties in Michigan with stabilized occupancy and a quality tenant mix

LVRG structures conventional bank financing for Michigan retail property investors acquiring, refinancing, or repositioning stabilized strip malls and multi-tenant retail centers throughout Metro Detroit, Grand Rapids, Lansing, Ann Arbor, Kalamazoo, and communities across the state.

What Michigan institutional banks evaluate on strip mall and retail property financing:

Net Operating Income: The property must demonstrate sufficient cash flow to service the mortgage based on actual in-place rents - not projected or pro forma income.

Occupancy and Tenant Quality: Stabilized occupancy with creditworthy tenants, reasonable remaining lease terms, and a tenant mix serving demonstrated local demand.

Anchor Tenant Stability: For anchored retail centers, the anchor tenant's lease term, financial covenant, and renewal likelihood define the property's core financing viability.

Location and Market Fundamentals: Traffic patterns, demographic density, competitive retail environment, and the specific Michigan submarket's retail dynamics.

Michigan Retail Property Transaction - Novi Strip Mall

An experienced Michigan commercial real estate investor purchased a 22,000 square foot Novi strip mall anchored by a grocery tenant at $3,200,000. LVRG structured conventional bank financing with 25-year amortization. The property generated $100,000 in annual cash flow after debt service with additional upside from one vacant bay in active lease-up.

Cash Out Refinancing for Michigan Commercial Real Estate

Commercial real estate cash out refinancing in Michigan allows established business owners and investors to access equity built through appreciation and principal paydown - converting it into deployable capital at conventional bank rates starting at 5.85% APR without selling the property. Qualification requires personal credit of 680 or above, a cash flowing property with sufficient appraised value, and a borrower financial profile meeting conventional bank underwriting standards.

Loan Amounts: Determined by current property value, existing equity, and institutional bank underwriting

Current Rates: Starting at 5.85% APR. Typical range Prime plus or minus 1%.

Best For: Michigan businesses and investors with substantial equity in commercial real estate who want to extract capital for growth, acquisitions, equipment, or any business purpose while maintaining ownership of the property

Here is what this looks like in real numbers. A Michigan manufacturer purchased their production facility five years ago at $1,500,000. The facility is now appraised at $2,200,000 with a remaining mortgage balance of $900,000. A conventional cash out refinance delivers a new mortgage that pays off the existing balance and delivers substantial net cash proceeds - deployed into new equipment, a competitor acquisition, an additional location, or any growth objective at conventional bank rates starting at 5.85% APR.

Why LVRG for cash out refinancing rather than the existing lender: Most Michigan business owners instinctively return to the bank holding their existing mortgage when refinancing. That bank has one offer. LVRG goes to the full market - 35 or more active institutional lenders - and identifies the institution whose current rate positioning, term capabilities, and structure parameters produce the best outcome for that specific property and that specific borrower at that specific moment. The difference between the existing lender's offer and the market's best offer is frequently material - in rate, in structure, and in net proceeds delivered.

Michigan Industries We Finance Through Conventional Bank Programs

Manufacturing and Industrial Operations

Automotive suppliers, metal fabricators, precision stamping operations, CNC machining companies, tool and die shops, plastics manufacturers, contract assembly operations, food and beverage processors, and industrial equipment manufacturers throughout Metro Detroit, Grand Rapids, and all Michigan markets. Conventional term loans and working capital lines at Prime rate through LVRG's banking relationships provide the capital these businesses need to manage production cycles, fund growth, and acquire the facilities that drive competitive positioning.

Construction and Skilled Trades

General contractors, electrical contractors, plumbing and mechanical companies, HVAC service businesses, roofing contractors, concrete and foundation specialists, excavation firms, and specialty trade contractors throughout Michigan. Conventional working capital lines at Prime rate match the cash flow rhythms of construction - covering materials and payroll during project execution and repaying as progress payments generate receivables.

Professional Services

Law firms, CPA practices, engineering and architectural firms, management consulting businesses, insurance agencies, and financial planning firms throughout Metro Detroit, Grand Rapids, Lansing, and Ann Arbor. Conventional term loans finance partner buyouts, practice acquisitions, office real estate purchases, and major capital investments.

Healthcare and Medical Practices

Primary care, specialty care, dental, veterinary, physical therapy, chiropractic, and home healthcare businesses throughout Oakland, Macomb, Washtenaw, and Kent Counties and across Michigan. Healthcare is among LVRG's most active conventional lending categories - particularly for owner-occupied medical office building purchases, practice acquisitions, and working capital lines that manage insurance reimbursement timing gaps.

Automotive Services

Auto repair and service centers, tire and auto parts retailers, collision repair shops, independent and franchise dealerships, and fleet maintenance companies throughout Michigan. Conventional financing covers facility acquisitions, equipment investments, and business acquisitions.

Retail, Convenience, and Consumer Services

Liquor stores, gas stations, convenience stores, grocery stores, car washes, laundromats, salons, fitness centers, and franchise retail concepts throughout Michigan. These businesses are among LVRG's most active conventional commercial real estate categories - purchasing the buildings their operations occupy and converting perpetual lease payments into equity-building mortgage ownership.

Hospitality and Food Service

Restaurants, bars, craft breweries, catering operations, hotels, and banquet facilities throughout Michigan. Conventional term loans and working capital lines support operations, expansion, and real estate acquisitions that provide long-term location security.

Transportation, Logistics, and Distribution

Trucking companies, freight brokers, logistics providers, warehousing and distribution operations, and wholesale distribution businesses throughout Michigan.

Our Banking Relationships

LVRG maintains active professional relationships with bankers at many of Michigan's most respected financial institutions - including Mercantile Bank of Michigan, Independent Bank, ChoiceOne Bank, Huntington Bank, DFCU Financial, United Bank 4U, Michigan First Credit Union, Credit Union One, Lake Michigan Credit Union, and Fifth Third Bank - as well as 35 or more national SBA and commercial lending institutions across the country.

Many of Michigan's established commercial bankers refer clients to LVRG when a financing need exceeds what their institution can handle - whether because of loan size, structure complexity, program limitations, or industry appetite. These relationships were not built through advertising. They were built through 20 years of executing deals correctly and delivering outcomes that individual banks could not produce on their own.

When your bank cannot get the deal done, they know who to call. That call comes to LVRG.

LVRG Business Funding does not represent, act as an agent of, or speak on behalf of any bank or financial institution listed or referenced on this website. All bank relationships referenced reflect independent professional relationships built over 20 years in Michigan commercial lending. LVRG operates exclusively as an independent commercial finance company and advocate for its clients.

Frequently Asked Questions - Michigan Business Financing

What are current conventional business loan rates in Michigan?

Conventional commercial bank financing in Michigan starts at 5.85% APR for the strongest files - Prime minus 1% at today's Prime Rate of 6.75%. The typical range is Prime plus or minus 1% depending on loan type, amount, term, collateral, and borrower strength. Working capital lines of credit are typically structured at Prime rate - currently 6.75% - and could run Prime plus a quarter to Prime plus a half depending on file strength. These are among the most competitive conventional commercial rates available in Michigan and are accessed through LVRG's institutional banking relationships.

What is a working capital line of credit and how does it work?

A working capital line of credit is a revolving credit facility that allows a business to draw funds as needed and repay as cash flow allows - paying interest only on the amount drawn, with zero cost when the line is unused. For established Michigan businesses, it is the most efficient form of operational capital available. Lines are typically structured at Prime rate through institutional banks. The line resets as draws are repaid and remains available for the next business need, opportunity, or seasonal cycle.

What credit score is needed for a conventional business loan in Michigan?

A personal credit score of 680 or above is required for all borrowers and guarantors on conventional commercial bank financing. This is institutional bank underwriting - strong personal credit is a fundamental requirement. Strong credit history matters as much as the current score. Recent bankruptcies, significant delinquencies, or active tax liens create qualification obstacles regardless of current score.

How do I buy a commercial building with no money down in Michigan?

Through specific conventional program structures available through LVRG's institutional banking relationships, qualified Michigan businesses can purchase commercial real estate with zero down payment. This requires strong personal credit of 680 or above, a strong personal financial statement, a profitable business with established operating history, and a property meeting conventional bank underwriting standards. Eligibility is determined during the initial deal analysis - the first conversation with LVRG before any application is submitted.

What is the difference between a conventional commercial mortgage and an SBA loan in Michigan?

A conventional commercial mortgage is a standard institutional bank loan secured by commercial real estate - typically requiring 20 to 25% down with terms ranging from 10 to 25 years. An SBA loan is a government-guaranteed loan program offering lower down payments of 10% or less, longer terms up to 25 years, and more flexible qualification criteria due to the federal guarantee reducing lender risk. Conventional mortgages are generally faster to close and have fewer program restrictions. SBA loans offer better terms for borrowers who want lower down payments or longer amortization. LVRG structures both and recommends the right program based on the specific transaction and borrower objectives.

How do I get a working capital line of credit for my Michigan business?

To establish a working capital line of credit, a Michigan business needs a minimum of 2 years operating history, demonstrated profitability, personal credit of 680 or above for all owners, and business financials showing sufficient cash flow to support the line amount requested. The critical insight most Michigan business owners miss: establish the line during a period of business strength - not when capital is urgently needed. Banks approve lines based on normal operating performance. A business in strong financial condition establishes a Prime rate line with favorable terms. A business attempting to establish a line during a cash flow challenge faces declines or significantly less favorable terms.

How do I finance an apartment building or multifamily property in Michigan?

Conventional bank financing for Michigan multifamily properties requires a cash flowing property with demonstrated rental income supporting debt service comfortably, an experienced investor with personal credit of 680 or above and a strong personal financial statement, and a property in an established Michigan rental market with stable occupancy. LVRG structures multifamily financing throughout all Michigan markets through institutional banking relationships delivering competitive rates starting at 5.85% APR and terms up to 25 to 30 years.

How does commercial real estate cash out refinancing work in Michigan?

A commercial real estate cash out refinance replaces an existing mortgage with a new loan at a higher amount based on the property's current appraised value - delivering the difference as cash proceeds. For Michigan businesses and investors who have built equity through appreciation and principal paydown, a cash out refinance converts that equity into deployable capital at conventional bank rates starting at 5.85% APR without requiring the sale of the property. LVRG goes to the full market of 35 or more active institutional lenders to identify the best rate, term, and structure available - not just the existing lender's offer.

How do I finance a strip mall or retail property in Michigan?

Strip mall and retail property financing in Michigan requires a stabilized cash flowing property with sufficient net operating income to service the mortgage, quality tenants with reasonable lease terms, and an experienced investor with personal credit of 680 or above and a strong personal financial statement. LVRG structures conventional bank financing for Michigan strip malls and multi-tenant retail properties through institutional banking relationships delivering competitive rates starting at 5.85% APR and terms up to 25 years.

Why use a commercial finance company instead of going directly to a Michigan bank?

Going directly to one Michigan bank produces one answer - that institution's rate, terms, and credit box on that specific day. Working with LVRG produces the market's best answer - matched to the specific lender from a network of 35 or more active institutions whose current appetite and program capabilities make them the right bank for each specific deal. A quarter point rate difference on a $2,000,000 loan over 10 years is approximately $25,000. A 25-year term versus a 15-year term on the same loan is thousands of dollars per month in cash flow that stays in the business. LVRG also manages the entire process - underwriting, conditions, appraisals, attorneys, and closing - on the borrower's side of the table, not the bank's.

How long does it take to get a conventional business loan or commercial mortgage in Michigan?

Conventional business term loans and working capital lines of credit typically close in 3 to 6 weeks from complete application submission. Commercial real estate financing typically closes in 4 to 8 weeks depending on property complexity, appraisal timelines, title work, and any environmental assessments required. LVRG manages all components simultaneously rather than sequentially - coordinating appraisers, title companies, attorneys, and underwriters in parallel to minimize timeline and keep every transaction moving efficiently toward closing.

What businesses qualify for conventional commercial bank financing in Michigan?

Conventional commercial bank financing is available to established profitable Michigan businesses with a minimum of 2 years operating history, personal credit of 680 or above for all owners and guarantors, strong personal financial statements, and business financials demonstrating consistent profitability and sufficient cash flow to service new financing. Most Michigan industries qualify - manufacturing, construction, professional services, healthcare, automotive services, retail, hospitality, transportation, and distribution. The business must be profitable and the borrower must be financially strong.

Michigan's Conventional Commercial Lending Authority

Michigan's strongest businesses deserve Michigan's most competitive conventional financing. Not the first answer one bank offers. Not generic products applied uniformly to every borrower. The most competitive conventional bank financing available in the market - structured around the specific business, the specific transaction, and the specific growth objective.

For 20 years LVRG has been the team that Michigan's established businesses and experienced investors turn to when they want the full market's answer - not one bank's answer. Rates starting at 5.85% APR through institutional relationships built over two decades. Structures including 25-year terms, no money down options, working capital lines at Prime rate, and cash out refinancing at the most competitive structure the market supports - all things most Michigan businesses never know are available to them.

This is not alternative financing. This is not online lending. This is conventional bank capital - real institutional underwriting, real bank terms, real rates - structured and placed by people who have spent 20 years building the expertise, the relationships, and the process that consistently delivers better outcomes than any single banking relationship can produce.

Strong credit. Strong businesses. Strong deals. Michigan's best available conventional terms. That is LVRG.

Get Your Michigan Business Financing Assessment - No Cost, No Obligation

Call (855) 998-5874

Speak directly with a Michigan commercial financing specialist - not a call center, not an automated system. A professional who will evaluate the specific business situation or property and provide a clear honest assessment of what conventional bank financing can deliver and at what terms.

Email info@lvrgllc.com

Send the situation and receive a response within 24 hours.

Get in Touch: lvrgllc.com/get-in-touch

LVRG Business Funding

615 Griswold St., Suite 700 | Detroit, MI 48226

Established 2005 | $1 Billion+ Facilitated | 10,000+ Michigan Businesses Served

Michigan's #1 Commercial Lender - Conventional Business Financing - Commercial Real Estate - Multifamily - SBA Loans - Business Acquisitions - Working Capital

Serving Metro Detroit and All of Michigan:

Oakland County - Macomb County - Wayne County - Kent County - Washtenaw County - Ingham County - Kalamazoo County - Genesee County - Saginaw County - Bay County - Grand Traverse County - And All 83 Michigan Counties

Sterling Heights - Warren - Troy - Novi - Farmington Hills - Southfield - Auburn Hills - Rochester Hills - Pontiac - Dearborn - Livonia - Westland - Canton - Plymouth - Ann Arbor - Ypsilanti - Saline - Brighton - Howell - Jackson - Lansing - East Lansing - Grand Rapids - Kentwood - Wyoming - Holland - Muskegon - Kalamazoo - Portage - Battle Creek - Flint - Saginaw - Bay City - Midland - Mount Pleasant - Traverse City - Cadillac - Petoskey - Alpena - Marquette - Iron Mountain - Escanaba - And Every Michigan Community in Between

Rates shown are current as of April 2026 and subject to change. All conventional financing rates are variable and depend on Prime Rate, loan amount, term, collateral, and borrower creditworthiness. Loan approval and terms depend on business financial performance, personal credit, personal financial statement, and institutional bank underwriting requirements. LVRG Business Funding is compensated through lending partner fees upon successful closing. On certain transactions a fee agreement with the client may be required and is discussed transparently during the initial consultation. LVRG Business Funding does not represent, act as an agent of, or speak on behalf of any bank or financial institution listed or referenced on this website. All bank relationships referenced reflect independent professional relationships built over 20 years in Michigan commercial lending. LVRG operates exclusively as an independent commercial finance company and advocate for its clients. Not a commitment to lend.