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Document collection is turned off. This site can explain financing types, and it will not store bank statements until security and product availability are actually in place.

CommonLending

Business loans in Detroit

Auto suppliers and shops that produce before the plant pays.

What it is

A tooling job or a parts run can tie up cash for weeks. Payroll and materials do not wait for that check. Invoice financing and a line of credit are the comparisons.

What's typically needed

  • Latest three months of business bank statements
  • Time in business
  • A government-issued photo ID
  • Basic business details, such as legal name and industry
Start application

Applying has no impact to your credit. Submitting this form does not pull a credit report.

Related: Michigan · Manufacturing · Invoice financing