Small business financing and loans in Michigan

Fueling over 50,000+ businesses—and counting. Yours could be next.

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Credibly small business loans in Michigan to keep you moving

  • The right amount of capital
    Too little funding can hold you back, and too much can create stress. Get financing that fits your needs—nothing more, nothing less.
  • Expand with confidence
    Keep cash flow strong with working capital that helps you grow.
  • The Credibly difference
    Enjoy a straightforward process with clear terms and no runaround. Get the capital you need, when you need it.

Request a quote

LOAN TERMS
Approval

As fast as 2 hours

time to fund
Funding

As fast as 4 hours

$2.5+

Billion in financing

INTEREST RATE
50,000+

Small businesses financed

LOAN TERMS
Approval

As fast as 2 hours

time to fund
Funding

As fast as 4 hours

$2.5+

Billion in financing

INTEREST RATE
50,000+

Small businesses financed

Financing options for small businesses*

Working capital loan

Hire more staff

Hiring is one of the hardest parts of owning your business. A working capital loan for small businesses makes it easier to hire the staff you need.

Scale up your marketing campaigns

Let us help with the right small business loans so you can maximize marketing potential by investing in local ads, digital advertising, and strategic partnerships.

Business specific needs

The challenges you face are unique to you. We’re here to listen and ensure that you always have enough cash flow to seize an opportunity as it arises.

Merchant cash advance

Fluctuating revenue? Not a problem

Merchant cash advances are perfect for businesses with fluctuating revenue and lower credit scores.

You can use these funds to buy inventory, pay employees, make emergency repairs, pay for marketing expenses, purchase equipment, and finance other short-term expansion projects.

Long term loans

Open a new location

Enjoy lower APRs and longer payback periods—perfect for making down payments for a new location.

New equipment

Unlike traditional banks that make finding financing options difficult, we’ll provide you with reasonable interest rates.

Make renovations

Don’t get bogged down in red tape, get lower interest loans that let you make the repairs and updates you need.

Business line of credit

Capital when you need it

Get the most flexible access to working capital anytime you need it with revolving business lines of credit.

Draw only what you need

Withdraw exactly as much as you need, and don’t let your business get saddled with a loan you won’t utilize.

Pay for what you use

You’ll only pay interest on the amount you withdraw, which means the cost of capital is usually less than other types of funding.

How to apply for a small business loan online

Step 1
Apply online

Click “Get Started” to apply for financing.

Step 2
Gather required documents

We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to get started.

Step 3
Approval in as little as 2 hours

Your loan application will be reviewed and you can get approved in as fast as 2 hours.

Step 4
Receive same-day funding

If approved, your requested financing can be transferred to your bank account as soon as the same business day.

What our customers say about our small business loan services in Michigan

What customers say about our small business loans

More small business financing options*

Merchant cash advance

Provides you with up-front funding in exchange for a portion of future receivables.

Equipment financing

This small business financing option allows you to pay for your machine over the life of the lease with low APRs.

Line of credit

Get flexible financing to access funds when you need it.

SBA loans

Get lower interest rates and longer repayment periods. We’ll guide you through the application for a small business loan.

Why Credibly is the obvious choice for small business loans in Michigan

  • Quick online application
  • Fast funding when you need it
  • Deposited straight into your account
  • Secure, efficient, and stress-free
  • Factor rates as low as 1.11**
Small Business Loans in Michigan

Small business loans in Michigan—The Credibly advantage

Credibly
Bank Loans
Credit Cards
SBA Loans
Funding Range
$5K-$600K
$100K
Credit dependent
Credit dependent
Process
Pre-qualify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Prequalify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Approval Time
Approval in as fast as 2 hours
Weeks-Months
Less than 30 Days
Months
Time to Funding
as fast as 4 hours
2-3 Months
7-10 Business days
60-90+ Days
Approval Criterias
Overall business health
Credit score and collateral
Credit score
Credit score and collateral

FAQs about small business loans in Michigan

What types of businesses qualify for small business loans in Michigan?

We serve a wide range of industries, from restaurants and auto shops to retailers, contractors, healthcare providers, and more.

If your business has been operating for at least 6 months, brings in $25,000+ per month, and deposits revenue into a business bank account, you could qualify. Qualification requirements differ between financing options, however.

You don’t need perfect credit or a complex business plan. We evaluate real financial activity.

Is there a minimum time in business to qualify for a small business loan in Michigan?

Yes. To qualify for a small business loan in Michigan through Credibly, your business needs to be operating for at least 6 months.

This helps us understand how your business performs over time and ensures there’s a consistent revenue history to evaluate.

What makes Credibly a good choice for small business loans in Michigan?

We understand the real challenges small business owners face.

That’s why Credibly offers fast, flexible funding. Our application is 100% online, our team is U.S.-based, and we look beyond your credit score to understand your business.

What should I have ready before applying for a small business loan in Michigan?

To apply, you’ll usually need your basic business and contact information and a few details about your monthly revenue and time in business. You will also need 3-4 months of business bank statements.

The application takes minutes, and you can submit everything online. Once received, we’ll review your information and reach out with any next steps.

If anything’s missing, our team will guide you through it.

Can I get a loan if I work from home or don’t have a storefront?

Yes. You don’t need a storefront to qualify for a small business loan.

What matters is your revenue, time in business, and financial activity, not your business address. If you meet the basic qualifications, you could receive funding in as fast as 4 hours.

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*Some products are made available through Credibly’s network of external funding partners
**Factor rates are included in your daily estimate to simplify remittances and account monitoring. Best factor rates are available to merchants with excellent credit and financial strength.