Start a Business
Buying / Financing a Business
If your new business is like most, the financing is likely coming from your own capital or loans from family and friends. With a credible business plan in hand, you may qualify for bank financing or a government sponsored loan program, such as the Capital Access Program (CAP).
Grant financing, a potential option for established businesses wishing to expand, is unlikely with start-ups.
Business Financing Resources
The Guide to Starting a Small Business can give you a solid background of available options and what your company needs to do to prepare for business financing success.
The Michigan Small Business and Technology Development Centers (Mi-sbTdcs) can help with the planning required to:
Additional programs may be available for companies aligned with our targeted initiatives.