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Michigan · MI

Small business loans in Michigan, matched to your business.

Michigan is the traditional center of the US auto industry, and many small businesses are tooling, parts or service suppliers to automakers. Western Michigan has a strong furniture and food production base, and northern Michigan relies heavily on seasonal tourism. Compare funding from lenders that serve Michigan businesses, with one short application and no hard credit pull.

Get matched in Michigan

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Michigan at a glance

Who we fund in Michigan.

We match businesses across Michigan’s major sectors, from established companies to newer ventures.

Major industries

  • Automotive manufacturing
  • Advanced manufacturing
  • Agriculture
  • Tourism
  • Healthcare

Free local resources

SBA district office: Detroit. SBA resource partners such as SBDCs, SCORE and Women’s Business Centers offer free counseling across Michigan.

Funding options for Michigan businesses.

SBA LoansGovernment-backed loans with long terms for growth, real estate and acquisitions.$50K–$5M‡30–90 days
Term LoansA lump sum with fixed payments for big, planned moves.$25K–$2M‡2–7 days
Business Line of CreditDraw when you need it, pay for what you use.$10K–$500K‡1–3 days
Working CapitalKeep payroll, inventory and operations moving.$10K–$1M‡24–72 hours
Equipment FinancingThe equipment itself secures the financing.$10K–$5M‡2–5 days
Invoice FactoringTurn slow-paying invoices into cash now.$10K–$5M‡1–3 days
Commercial Real EstateEcommerce Funding1099 & Gig FundingHELOC for Business

FAQ

Common questions, clear answers.

Anything else, your advisor will answer on the phone.

All FAQs →
Can Michigan businesses get funding through WellRounded?

Yes. We work with lenders that fund businesses in Michigan, subject to each lender’s licensing and credit requirements.

Where are the SBA offices in Michigan?

The SBA has a district office in Detroit. SBA district offices offer free counseling and resources; loans themselves are made by SBA-approved lenders.

What funding is most popular in Michigan?

It depends on your industry. Lines of credit and working capital are common for short-term needs; SBA loans and equipment financing suit longer-term investments.

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Michigan businesses: see your options today.

  • Decisions in as little as 24 hours*
  • $10K–$5M+ across 10 products
  • No hard credit pull to apply
  • One dedicated funding advisor