Michigan Business Loans: Working Capital Line of Credit, Term Loans, SBA & Commercial Real Estate Financing

Quick Overview - What We Offer

LVRG Business Funding facilitates comprehensive business financing for established Michigan companies through strategic relationships with institutional lenders, regional banks, and specialized commercial lenders actively funding Michigan businesses. We serve companies throughout Metro Detroit, Grand Rapids, Ann Arbor, Lansing, and all Michigan markets with financing solutions structured for growth, acquisition, equipment investment, real estate purchase, and working capital needs.

Working Capital Lines of Credit

Loan Amount: $100,000 to $5,000,000+
Structure: Revolving credit with interest-only payments on drawn amounts
Cost When Unused: $0 - No payments on unused available credit
Best For: Every established Michigan business - operational cushion, inventory, receivables gaps, seasonal needs, growth capital, equipment repairs, hiring, expansion opportunities

Business Term Loans

Loan Amount: $100,000 to $10,000,000+
Repayment Terms: 3 to 10 years depending on use and collateral
Best For: Equipment purchases, business expansion, debt consolidation, facility improvements, strategic investments

SBA Loans (Express, 7(a), 504)

Loan Amount: $10,000 to $20,000,000+ depending on program
Timeline: 10-75 days depending on SBA program
Best For: Business acquisitions, commercial real estate, equipment, multi-purpose financing
Complete SBA Information →

Commercial Real Estate Financing

Loan Amount: $500,000 to $25,000,000+
Repayment Terms: Up to 25 years with competitive institutional rates
Best For: Owner-occupied facilities, investment properties, manufacturing plants, office buildings, warehouses

Strip Mall & Retail Property Financing

Loan Amount: $1,000,000 to $25,000,000+
Best For: Strip malls, shopping centers, multi-tenant commercial properties with stabilized occupancy

Basic Qualification Guidelines

Business: Typically 2+ years in operation with established revenue and profitability
Credit: Strong personal credit profiles (requirements vary by loan type)
Cash Flow: Sufficient business cash flow to service debt obligations
Collateral: Business assets, equipment, real estate, or accounts receivable
Industry: Most industries qualify - manufacturing, construction, professional services, healthcare, retail, hospitality, distribution

Why Michigan Businesses Work With LVRG Business Funding

LVRG Business Funding connects Michigan businesses with institutional lenders and specialized commercial lenders who actively fund Michigan business loans—institutions with competitive rates and flexible underwriting. We handle deal structuring, documentation, lender coordination, and process management from application through funding. Businesses typically experience faster approval timelines and better financing terms working with LVRG Business Funding compared to approaching individual banks independently.

Headquartered in Detroit | Serving All Michigan Markets | 20+ Years | $1+ Billion Facilitated

Ready to Discuss Your Michigan Business Financing?

Call: (855) 998-5874
Email: info@lvrgllc.com
Apply Online: lvrgfunding.com/apply-now

Working Capital Lines of Credit for Michigan Businesses

Loan Amounts: $100,000 to $5,000,000+
Structure: Revolving credit with flexible draw and repayment
Interest: Only on amounts drawn - $0 cost when unused
Best For: Every established Michigan business operating without unnecessary financial risk

In 2026, operating a business without a working capital line of credit is illogical. The line costs essentially nothing to have available—you pay interest only on money you actually draw, which means zero cost when unused—yet provides immediate access to capital when opportunities arise or unexpected needs emerge.

Why every Michigan business should have a working capital line of credit:

It costs nothing to maintain. Unlike term loans requiring monthly principal and interest payments whether you need the capital or not, working capital lines of credit charge interest only on drawn balances. When the line sits unused, you pay nothing. When you need $200,000 for inventory, you draw it and pay interest only on that $200,000. When you repay it, interest stops. The available credit remains ready for the next opportunity or need.

It eliminates unnecessary operational risk. Equipment breaks unexpectedly. Key customers delay payments. Seasonal businesses need inventory capital months before revenue arrives. Large opportunities require immediate investment. Growth creates cash flow timing gaps. Without accessible capital, businesses either miss opportunities or make desperate financing decisions—expensive short-term loans, merchant cash advances, personal credit cards, or owner capital injections that weaken personal financial positions.

It provides strategic flexibility. Manufacturing companies draw capital for raw material purchases when major orders arrive, then repay when customers remit payment. Construction firms cover payroll and materials during projects while waiting for progress payments. Professional services practices bridge timing gaps between project completion and client payment. Retail operations stock inventory for seasonal peaks without waiting for bank approval processes. Healthcare practices manage insurance reimbursement timing without cash flow disruption.

It enables growth without financing delays. Competitors go out of business and their customer lists become available—but the opportunity closes within days. Equipment becomes available at below-market pricing but requires immediate commitment. A key hire becomes available but needs to start within two weeks. Real estate opportunities emerge with tight closing timelines. Businesses with working capital lines of credit capture these opportunities. Businesses without them watch opportunities disappear while scrambling for capital.

It provides negotiating leverage. Suppliers offer early payment discounts (2-3% is common) but require payment within 10 days instead of 30-60. That's 24-36% annual return for businesses with capital access. Large inventory purchases can be negotiated at volume discounts when businesses can pay cash. Equipment sellers often discount for immediate payment. Working capital lines of credit convert these opportunities into tangible savings.

Common working capital line of credit applications for Michigan businesses:

Inventory financing: Manufacturing companies purchasing raw materials for production runs, retail operations stocking seasonal inventory, distributors taking advantage of bulk purchase opportunities, restaurants and food service operations managing food cost volatility through strategic purchasing.

Accounts receivable management: Covering operational expenses while waiting for customer payments, managing extended payment terms for large commercial customers, bridging timing gaps between service delivery and payment receipt, maintaining cash flow stability when major clients delay payments.

Seasonal business operations: Construction companies maintaining operations during slow winter months, landscaping businesses covering off-season payroll and preparation costs, retail businesses building holiday inventory, hospitality businesses managing seasonal staffing and operational costs, tax preparation firms covering expenses during slow periods.

Growth capital: Hiring sales staff before they generate revenue, funding marketing initiatives before ROI materializes, entering new markets requiring upfront investment, expanding product lines needing initial capital, opening additional locations with working capital needs during startup phases.

Operational cushion: Equipment repairs and emergency maintenance, facility improvements enhancing operations, technology upgrades and system implementations, unexpected expense coverage without disrupting operations, maintaining financial flexibility during economic uncertainty.

Working capital line of credit qualification and structure:

Established businesses with 2+ years operating history and consistent cash flow qualify for working capital lines of credit. Lenders evaluate business revenue patterns, accounts receivable and inventory levels (for asset-based structures), seasonal fluctuations, and debt service capacity. Strong business cash flow demonstrating ability to service line draws alongside existing obligations is essential.

Most working capital lines of credit carry variable interest rates providing competitive pricing for qualified Michigan businesses. Lines typically require interest-only payments on drawn amounts with no mandatory principal amortization—businesses repay as cash flow permits and redraw as needs arise. Credit line terms range from annual renewals to multi-year commitments providing longer-term certainty.

Collateral typically includes business assets: accounts receivable, inventory, equipment, and available real estate depending on line size and structure. Some lines operate as asset-based lending secured primarily by receivables and inventory. Others require broader collateral packages. Personal guarantees from owners with significant equity are standard.

Real-world example: Metro Detroit precision metal stamping company serving automotive and industrial customers maintains $2,000,000 working capital line of credit to manage raw material purchases and production scheduling. When major customers place large orders requiring significant steel inventory investment, the company draws $500,000-$800,000 to purchase materials. As finished parts are delivered and customers remit payment (typically 30-60 days), the company repays draws and frees credit for subsequent orders.

During automotive industry shutdowns (July, December, January), the company draws $300,000-$400,000 to cover payroll and operational expenses while customer orders pause. When production resumes, receivables are collected and draws are repaid. Without this working capital line, the company would need to maintain substantially higher cash reserves (reducing ROI), decline large orders requiring capital-intensive inventory, or rely on expensive alternative financing during shutdowns.

The line enables the company to operate efficiently, capture all available business, and manage cyclical patterns without forcing ownership to inject personal capital or maintain excess cash earning minimal returns.

Why waiting to establish a working capital line of credit until you need it is strategically flawed: Banks approve working capital lines based on business strength and normal operations—not during crises or urgent needs. Attempting to establish a line when cash flow is strained, revenue has declined, or urgent capital needs exist typically results in declined applications or unfavorable terms. Establishing lines during strong operational periods when businesses don't urgently need capital produces optimal approval odds and best pricing.

For established Michigan businesses, working capital lines of credit represent essential financial infrastructure—not optional financing. The cost to maintain available credit is zero. The value when opportunities or needs arise is substantial. Operating without accessible capital in 2026 is unnecessary risk that no business owner should accept.

LVRG Business Funding facilitates working capital lines of credit through regional banks, specialized asset-based lenders, and institutional lenders with competitive rates and flexible underwriting for qualified Michigan businesses.

Business Term Loans for Michigan Companies

Loan Amounts: $100,000 to $10,000,000+
Repayment Terms: 3 to 10 years depending on purpose and collateral
Best For: Equipment purchases, expansion, debt consolidation, facility improvements, strategic acquisitions

Business term loans provide Michigan companies fixed capital with structured repayment for equipment purchases, business expansion, debt consolidation, facility improvements, or strategic acquisitions. Unlike revolving credit, term loans deliver lump-sum funding with predetermined amortization matching the investment's economic life or benefit period.

Equipment purchases receive 5-7 year terms matching useful life. Expansion and acquisition financing typically amortizes over 5-7 years. Debt consolidation structures often extend 5-7 years, reducing monthly payments significantly compared to the original scattered obligations being consolidated.

Common applications: Manufacturing equipment and machinery, construction equipment and commercial vehicles, business expansion and additional locations, debt consolidation replacing expensive short-term financing, facility improvements and technology infrastructure, strategic acquisitions of competitors or complementary businesses.

Qualification criteria: Established operations (typically 2+ years), strong business cash flow demonstrating debt service capacity, solid personal credit profiles, clear use of proceeds with business benefit, appropriate collateral (equipment being financed, business assets, or real estate), and current status on existing obligations.

Example: Grand Rapids HVAC contractor consolidated $380,000 across multiple high-interest obligations (equipment loans, business line of credit, credit cards) into single term loan at competitive rate over 7 years. Monthly payments reduced from $12,400 to $6,100 (51% reduction), freeing $6,300 monthly cash flow for hiring, marketing, and fleet expansion. Result: Within 18 months, added 4 technicians, purchased 3 trucks, increased revenue 32%.

LVRG Business Funding facilitates business term loans through regional banks, institutional lenders, and equipment financing companies with competitive rates and flexible underwriting for qualified Michigan businesses.

SBA Loans for Michigan Businesses

SBA Express: $10,000 to $350,000 with 10-15 day approval
SBA 7(a): $150,000 to $5,000,000+ for maximum flexibility
SBA 504: Up to $5,500,000 for fixed-rate real estate and equipment

SBA loans provide government-guaranteed financing with extended terms (up to 25 years for real estate), lower down payments (10-20%), and flexible qualification criteria. LVRG Business Funding works with Michigan's top SBA preferred lenders—banks with delegated authority accelerating approval timelines while maintaining competitive rates.

Common uses: Business acquisitions (up to 90% financing), commercial real estate purchases (10% down with 25-year fixed rates), equipment financing, working capital, and debt refinancing.

For comprehensive SBA loan information including detailed program explanations, current rates and terms, qualification requirements, and complete application process, visit our dedicated SBA Loans page: lvrgfunding.com/sba-loans

Commercial Real Estate Financing for Michigan Businesses

Loan Amounts: $500,000 to $25,000,000+
Property Types: Owner-occupied facilities, investment properties, office buildings, warehouses, retail, medical facilities
Best For: Purchasing business facilities, investment real estate, refinancing mortgages

Commercial real estate financing enables Michigan businesses to purchase owner-occupied facilities (manufacturing plants, office buildings, medical facilities), acquire investment properties generating rental income, or refinance existing mortgages for improved terms.

The ownership advantage: Building ownership converts lease expenses into mortgage payments that build equity, provides facility control for expansion and modifications, eliminates lease renewal uncertainty, and creates asset appreciation. For established businesses occupying facilities long-term, ownership typically delivers superior financial outcomes compared to perpetual leasing.

Common applications: Manufacturing plants and production facilities, warehouse and distribution centers, office buildings for professional services, medical and dental office buildings, retail locations, automotive service centers, investment properties with multiple tenants, and refinancing existing commercial mortgages.

Qualification: Strong business cash flow (owner-occupied) or property net operating income (investment properties) supporting debt service coverage typically 1.25-1.35x minimum. Down payments typically 20-30% depending on property type and borrower strength. SBA 504 reduces down payment to 10% for qualified owner-occupied properties with 20-25 year fixed rates.

Example: Ann Arbor medical practice group purchased 12,000 SF medical office building for $2,400,000 instead of renewing lease at $26,917 monthly. Commercial real estate financing with 25-year amortization delivered $16,800 monthly mortgage payment plus $4,000 property expenses = $20,800 total occupancy cost versus $26,917 lease—saving $73,404 annually while building equity and gaining 3,500 SF for expansion.

LVRG Business Funding facilitates commercial real estate financing through institutional lenders, regional banks, and specialized commercial real estate lenders throughout Michigan.

Strip Mall and Multi-Tenant Retail Property Financing

Loan Amounts: $1,000,000 to $25,000,000+
Best For: Strip malls, shopping centers, multi-tenant commercial properties with stabilized occupancy

Strip mall and retail property financing serves Michigan investors and business owners acquiring, refinancing, or developing retail properties with anchor tenants and diverse tenant mix. These properties require specialized financing understanding tenant dynamics, lease structures, and retail market conditions.

Qualification: Strong property net operating income with debt service coverage typically 1.25-1.35x minimum, stabilized occupancy (80-85%+ preferred), quality tenant mix with creditworthy tenants and reasonable lease terms, experienced commercial property ownership, down payments typically 25-30%.

Example: Experienced investor purchased 22,000 SF Novi strip mall with grocery anchor and complementary tenants at $3,200,000. LVRG Business Funding facilitated $2,400,000 financing (75% LTV) with 25-year amortization. Property generated $100,000 annual cash flow after debt service, with additional upside after leasing vacant space.

LVRG Business Funding facilitates strip mall financing through specialized commercial real estate lenders and institutional lenders active in Michigan retail markets.

Michigan Business Loan Qualification Requirements

Business financing qualification varies by loan type and lender, but these general requirements apply:

Operating History: Minimum 2 years in business with demonstrated stability. Longer history strengthens applications and improves pricing.

Revenue and Profitability: Minimum annual revenue varies by loan type—$250,000+ for smaller loans, $500,000-$1,000,000+ for substantial financing. Consistent profitability demonstrates viability and repayment capacity.

Credit Requirements: Strong personal credit for business owners with significant equity. Specific requirements vary by lender and loan type.

Cash Flow: Business must generate sufficient cash flow to service all debt including proposed new financing. Debt service coverage ratio typically 1.25-1.35x minimum.

Collateral: Most financing requires collateral appropriate to loan amount and purpose—equipment, business assets, accounts receivable, inventory, or real estate.

Down Payment: Many programs require owner equity investment—10-20% for SBA, 20-30% for commercial real estate, minimal for equipment and working capital depending on structure.

Current Debt Status: All obligations must be current with consistent payment history. Tax obligations must be current or in approved payment plans.

Documentation: Business tax returns (2-3 years), personal tax returns for significant owners, current financial statements, bank statements, debt schedule, personal financial statements, and purpose-specific documents.

Industries We Serve Throughout Michigan

LVRG Business Funding facilitates business financing for established Michigan companies across virtually every industry:

Manufacturing and industrial operations, construction and skilled trades, professional services, healthcare and medical practices, business and commercial services, automotive services, retail and consumer businesses, hospitality and food service, transportation and logistics, wholesale and distribution.

If your business operates legitimately and meets commercial lending qualification criteria, financing is likely available regardless of sector.

Why Michigan Businesses Work With LVRG Business Funding

Strategic institutional lender access. LVRG Business Funding maintains relationships with 25+ institutional lenders, regional banks, and specialized commercial lenders actively funding Michigan business loans. Many work exclusively through established commercial financing partners. You access lenders you cannot reach independently.

Professional deal structuring. Business loan approvals depend significantly on how applications are structured and presented. LVRG Business Funding packages financing applications highlighting business strengths, addressing concerns proactively, and positioning deals for approval.

Lender matching expertise. Different lenders maintain different credit appetites, industry preferences, and product specialties. One lender's decline doesn't mean you don't qualify—it often means wrong lender selection. LVRG Business Funding matches businesses with lenders positioned to approve their specific deals.

Faster execution. Our lender relationships and deal packaging expertise compress approval timelines. When timing matters—equipment opportunities, real estate transactions, competitive acquisitions—LVRG Business Funding delivers execution speed that captures opportunities.

Michigan market expertise. Headquartered in Detroit with deep connections throughout Michigan's business community—Metro Detroit, Grand Rapids, Ann Arbor, Lansing, and all markets statewide—LVRG Business Funding understands Michigan businesses, industries, and economic conditions. We know automotive suppliers' capital requirements, construction companies' seasonal patterns, healthcare practices' receivables cycles, and manufacturing operations' equipment needs.

Transparent fee structure. Compensation varies by loan product and terms. Prime-rate working capital lines of credit and certain wholesale products require separate fee agreements established upfront and paid upon funding. SBA loans and other products with margin may include standard lender compensation. We discuss fee structure transparently during initial consultation based on your specific financing needs.

Two decades serving Michigan businesses. LVRG Business Funding has facilitated over $1 billion in business financing for thousands of established companies across 20+ years. Our reputation was earned transaction by transaction, relationship by relationship, delivering results for Michigan business owners who value expertise and execution.

Frequently Asked Questions: Michigan Business Financing

What types of business loans does LVRG Business Funding facilitate for Michigan companies?

Working capital lines of credit ($100K-$5M+), business term loans ($100K-$10M+), SBA Express/7(a)/504 loans ($10K-$20M+), equipment financing, commercial real estate loans ($500K-$25M+), strip mall and retail property financing, business acquisition loans, and debt consolidation financing.

How does LVRG Business Funding get paid?

Compensation varies by loan product and terms. Prime-rate working capital lines of credit and certain wholesale products require separate fee agreements established upfront and paid upon funding. SBA loans and other products with margin may include standard lender compensation. We discuss fee structure transparently during initial consultation based on your specific financing needs.

How long does business loan approval take in Michigan?

Timeline varies by loan type. Working capital lines of credit and term loans typically close within competitive timeframes through institutional relationships. SBA Express averages 10-15 business days, SBA 7(a) averages 30-45 business days, SBA 504 averages 45-75 business days. Commercial real estate timelines depend on property complexity and due diligence.

What credit score do I need for Michigan business financing?

Credit requirements vary by loan type, amount, and lender. Most commercial financing prefers solid personal credit for business owners with significant equity. Specific minimums vary, but established businesses with strong cash flow and appropriate collateral can often qualify with moderate credit when overall financial strength compensates.

Can LVRG Business Funding help if I've been declined by banks?

Possibly. Banks decline applications for various reasons—some qualification-related, others related to specific bank policies or capacity. LVRG Business Funding works with 25+ institutional lenders with different credit appetites and industry preferences. We evaluate why you were declined and match you with lenders better suited to your situation.

What documentation do I need for Michigan business loan applications?

Business tax returns (2-3 years), personal tax returns for significant owners, current financial statements, recent bank statements (3-6 months), business debt schedule, personal financial statements, and purpose-specific documents (purchase agreements, equipment quotes, real estate contracts, etc.).

Can I get business financing for multiple Michigan locations?

Yes. Multi-location businesses throughout Michigan qualify for working capital lines of credit, term loans, equipment financing, and commercial real estate loans. Some structures specifically accommodate multi-location operations.

Does LVRG Business Funding work with Detroit and Metro Detroit businesses?

Yes. LVRG Business Funding is headquartered in Detroit at 615 Griswold St. We serve businesses throughout Metro Detroit including Detroit, Dearborn, Livonia, Troy, Sterling Heights, Warren, Novi, Farmington Hills, Canton, Southfield, Rochester Hills, and all Metro Detroit communities.

Can Michigan manufacturing companies get equipment financing?

Yes. Manufacturing companies throughout Michigan—particularly automotive suppliers, metal fabricators, CNC operations, tool and die companies—represent core industries LVRG Business Funding serves for equipment financing, working capital lines of credit, commercial real estate loans, and term loans.

What Michigan cities and regions does LVRG Business Funding serve?

LVRG Business Funding serves businesses throughout all Michigan markets: Metro Detroit, Grand Rapids, Ann Arbor, Lansing, Flint, Kalamazoo, Traverse City, Saginaw, Battle Creek, and all Michigan communities statewide.

Can LVRG Business Funding help Michigan businesses buy commercial real estate?

Yes. Commercial real estate financing for owner-occupied facilities and investment properties represents significant transaction volume. We facilitate commercial mortgages, SBA 504 fixed-rate real estate loans, and specialized property financing throughout Michigan.

Why should I have a working capital line of credit even if I don't need capital right now?

Working capital lines of credit cost nothing to maintain—you pay interest only on amounts drawn, which means zero cost when unused. Lines provide immediate capital access when opportunities arise or unexpected needs emerge. Establishing lines during strong operational periods produces optimal approval odds and best pricing. Waiting until you urgently need capital typically results in declined applications or unfavorable terms.

Contact LVRG Business Funding for Michigan Business Financing

Call (855) 998-5874
Speak directly with Michigan business financing specialists.

Email info@lvrgllc.com
Send your situation—we respond within 24 hours.

Apply Online: lvrgfunding.com/apply-now
Complete brief application for immediate contact.

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

Michigan's Business Financing Authority
Established 2005 | Over $1 Billion Facilitated

LVRG Business Funding facilitates commercial financing for qualified Michigan businesses through strategic relationships with institutional lenders, regional banks, and specialized commercial lenders. Loan approval and terms depend on business creditworthiness, financial performance, and lender underwriting requirements.