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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 Michigan

Auto suppliers, tooling shops, and a short summer up north.

What it is

Tool-and-die and parts shops buy steel and run a shift before the plant pays. Lake towns do most of their business in warm months. Equipment financing fits machines. A line of credit fits the gap.

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: Detroit · Manufacturing · Equipment