Ann Arbor

42
  • Number of Businesses: 2,778
  • Number of Small Business Advances: 502
  • Yearly Small Business Revenue: $6,224,435
  • Two-Year Survival Rate: 43%

“Hail to the Victors!” is the motto that students and employees at the University of Michigan go by in Ann Arbor, Michigan, which employs around 30,000 workers with 12,000 of them specifically a part of the medical center. The university is one of the biggest and more popular research universities that the United States has to offer. With every university comes history and museums and the University of Michigan in Ann Arbor is no different as its museums are dedicated to archeology, art, and sciences. Ann Arbor’s night life and athletics also dominate the area given that the University of Michigan competes at an NCAA Division I level in many different sports.

  • Ann Arbor is home to 2,778 unique small businesses
  • Out of those, 502 took out small business loans
  • The yearly total small business revenue in Ann Arbor is $6,224,435 (as of 2007)
  • Roughly 57% of Ann Arbor small businesses will close within two years of opening

With so much going on in such an electric college atmosphere, it’d be logical for one to open a business.  Any business owner’s goal once they open the doors for the first time is to make money watching their company rise to the top.  Before all of that though, you must take out a business loan or funding of some sort unless you have 100,000 dollars saved up, and are willing to invest it.  Turn to Credibly for all your business funding needs because we make it much more simpler than any bank around to obtain a business loan.  We can guarantee this because after filling out our online pre-qualification which will only take you 15 minutes, you’ll only have to wait a couple days for the result you’ve been anxiously waiting for.  If you were to use the services of a bank, you’d have to wait two or three weeks for their result.

Credibly in Ann Arbor

You won’t find a more youthful spirited crowd than that of Ann Arbor, and you’d be missing out on a grand opportunity if you were to pass up constructing a business here.  Knowing that you don’t even have to leave the comfort of your own couch to apply using Credibly, why would you want to go anywhere else?  Time is money in the business world so, we know that the more time we waste of your’s, the more money you’re going to ultimately lose.  Don’t take that chance and pre-qualify online using Credibly right away!

The Credibly Business Index

The Credibly Business Index is a scoring system that ranks how sustainable a region is for small businesses. We consider several factors, such as number of businesses in the city, overall business revenue, and two-year business survival rates as reported by the U.S. Small Business Administration.

The Credibly Business Index score given to Ann Arbor is 42 out of a possible 100. This score is generated from data derived from the U.S. Small Business Administration and the United States Census Bureau as of July, 2015, and is subject to change. This Business Loan and Revenue Index is intended for informational purposes only, and may not be applicable to, or predictive of, your particular circumstances.

SOURCES:
U.S. Small Business Administration 2013 Small Business Profiles for States and Territories
United States Census Bureau 2007 Economic Census of the United States