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Michigan Small Business Loans

Get the financing solutions you need to take your Michigan business to the next level.

Business Loans in Michigan

Flexible financing designed for small business owners in Michigan

Business financing options built for you
Gain access to several types of financing solutions, including equipment loans, merchant cash advances, long-term loans, and more.

Access funds in hours– not weeks
Apply, gain approval, understand your options, and get funds in as little as 24 hours.

Helpful support you can rely on
Not familiar with financing? No problem. Our financial experts in Michigan can help you understand what solutions will work best for your business and your goals.

Speak to a financing expert in Michigan

Small business loans in Michigan built for SMBs*

Merchant cash advance

Quick and simple merchant cash advances

Boost your business growth with ease and efficiency.

  • Receive funding in as little as 24 hours
  • Cash advances up to $400,000
  • Seize growth opportunities with confidence

Flexible repayment tailored to your business revenue

Fast, online application process, no extensive paperwork, and none of the headaches of working with a traditional bank.

  • Remittance terms adjustable to your revenue patterns
  • Factor rates as low as 1.11**

Long term business loans

Play the long game with confidence

Set your business up for long-term success.

  • Terms up to 120 months
  • Simple and quick online application process
  • Pursue new avenues and markets

Qualify without a perfect credit score

Small business loans in Michigan that consider the whole picture

  • Access financing with poor credit
  • Flexible repayment options

Small business line of credit

Funds that make sense for your business need

A line of credit provides you with the funds you need, when you need it.

  • Secured and non-secured lines of credit
  • Avoid borrowing money you don’t need
  • A solution to cover short-term financing needs

Access funds quickly

Approval processes that take hours, not weeks for approval

  • Line of credit up to $300K
  • Quickly cover cash flow shortfalls
  • Control how much you borrow

Equipment financing

Reach goals faster

The right equipment can help you seize new opportunities and meet customer demand

  • Use your new equipment as loan collateral
  • Access tools to stand out from your competitors
  • Avoid sacrificing cash flow to make capital expenditures

Work with friendly financial experts

Get guidance from financial experts who’ve helped over 30,000 small business owners

  • Approvals in as little as 4 hours
  • Ideal for machinery, vehicles, electronic devices, and more
  • Equipment financing from $10,000 – $10M

Looking for a small business financing in Michigan?

Our results speak for themselves
Boasting a TrustPilot score of 4.8 out of 5 and a network of more than 30,000 clients, you can be confident that partnering with us means putting your best interests first.

We work hard to serve small businesses
Small business owners are more than just their credit score. That’s why Credibly, as one of the best small business loan companies in Michigan, looks at data points across your whole business, not just your credit score, when assessing applications.

Michigan Small Business Loans

How to apply for a small business loan in Michigan?

Step 1
Apply Online

Hit the “Get Started” button, provide a few fundamental details about your business to apply.

Step 2
Get Approved

Upon approval, a Credibly small business financial expert will contact you to discuss your needs and determine a proper business financing solution.

Step 3
Same-day funding

See the funds in your account as fast as the same day as approval.

Why do small business owners work with Credibly?

What customers say about our small business loans
As fast as 4 Hours

To get approved for financing


Businesses funded across the USA

4.8 on Trustpilot

Credibly’s more than a lender, we’re partners


U.S.-based customer service

Understanding if getting a business loan in michigan suits your need

Not sure if business financing through Credibly is right for you? Explore our quick pros and cons list to effectively evaluate your options for business loans in Michigan and make a confident decision.

  • Get approval– and funds– in as little as 24 hours.
  • Flexible payment options, extended loan terms, lower interest rates.
  • Zero-collateral equipment loans, unsecured lines of credit
  • Funding range from $5k – $400k
  • Weekly or daily remittance requirements may impact cash flow
  • Defaulting on loans will hurt business credit score
  • Unsecured loans can have higher interest rates

More small business loan and financing options* from Credibly

Merchant cash advance

Manage revenue fluctuations seamlessly with a merchant cash advance

SBA loans

Low APRs and flexible usage from SBA funding solutions.

Line of credit

Access funds when you need them, and pay for only what you use.

All financing options

Not sure you see what you need? Check out all of Credibly’s small business financing options.

How to Get a Business Loan in Michigan: FAQs for Small Business Owners

What financing solutions do you offer small business owners in Michigan?

Michigan business owners can access numerous financing options from Credibly.

Some of which include:

  • Merchant cash advance
  • Working capital loan
  • Long-term loans
  • Business lines of credit
  • And more

When determining which financing is right for your business, we recommend beginning with an online loan application. Then one of our financing specialists will help you determine an ideal financing option for your situation.

Are there limitations to how I use loan funds from a small business loan?

Depending on the type of loan you have, yes, there may be limitations on how you use those funds.

For instance, if you have an equipment loan, you can only use those funds to purchase the equipment specified in your loan agreement.

If however, you have a business line of credit, you can draw funds from that account and use it as you see fit for your business.

As one of the leading small business loans companies in Michigan, we recommend speaking with our financial professionals to best understand how a particular type of financing solution can be used.

How fast can I access funds after being approved for financing?

At Credibly, once your financing is approved, the funds can be transferred as soon as the same day.

Can I access financing for a new business or start-up?

To qualify for any type of financing in Michigan, a company must be in operation for a minimum of six months as well as meet certain requirements.

Unfortunately, until a new company is established and meets our eligibility requirements, we cannot offer them financing.

However, that doesn’t leave new businesses without options. Other finance sources to consider include:

  • Business credit cards
  • Personal loans
  • Personal savings
  • Angel investors

*Some products are made available through Credibly’s network of external funding partners.

** Working Capital Loans and Merchant Cash Advances are quoted as a factor. Certain limitations and underwriting may apply. Best factor rates available to merchants with excellent credit and financial strength.