Flexible Small Business Loans in Michigan

Available options may include business lines of credit, bridge or cash-flow gap financing, revenue-based advances, working capital funding, growth and expansion financing, and invoice factoring. Structures may be secured or unsecured, and specific availability depends on the applicant, independent financing provider, product type, and applicable state requirements. Each provider determines whether an application is approved and on what terms.

The financing programs listed include amounts ranging from $10,000 to $5,000,000, depending on the product. Some bridge, growth, and expansion options list funding from $30,000 to $5,000,000, while certain lines of credit and revenue-based products list amounts from $10,000 to $5,000,000. The amount offered depends on underwriting, business information, provider criteria, and the transaction.

No specific personal or business credit score is identified as a universal requirement for the available financing options. Steady Capital Solutions states that it works with business owners with good or bad credit histories. Approval remains subject to the independent provider’s underwriting review, which may consider cash flow, time in operation, business performance, requested product, and other application details.

Yes. The catalog includes both secured and unsecured financing options. Unsecured options may not require collateral, while secured products can involve collateral or other provider requirements. Depending on the transaction, a personal guarantee or UCC filing may also be required. The applicable provider explains the structure, security requirements, fees, and repayment terms when an offer is made.

Several listed products describe approval decisions within 24 hours, while business lines of credit and other options may be approved in hours rather than weeks. Funding delivery is described as occurring within days for certain products. Actual timing depends on application completeness, document review, underwriting, provider processes, and the terms of the selected financing product.

The bridge or cash-flow gap financing and growth and expansion financing listings state that there are no application fees. Fees and charges can still vary by applicant, provider, product type, and state. Some charges may be deducted or withheld from the amount disbursed. Transaction-specific written disclosures, including applicable cost metrics, are provided when an offer is made.

Financing may help cover supplies, payroll, accounts payable, inventory, marketing, rent, new projects, equipment, expansion, and other operating expenses. Revenue-based advances and working capital products may also help address slow receivables or temporary cash-flow shortages. Funding is for business purposes only, not personal, family, or household use, and permitted uses depend on the provider and transaction.

Applications are available online through Steady Capital Solutions. Applicants provide business and financial information so the platform can help connect them with potential independent financing providers. Some listed programs require a business to have operated for at least three months and provide proof of cash flow. The provider reviews the application, determines eligibility, and presents any offer with its applicable disclosures and terms.