Tax credits, business loans, and investors
There is no such thing as FREE money. Loans must be paid back. Investors (even “angel” investors) expect a return on their investment. You can, however, investigate tax credits and abatements, pre-seed funds, low-interest loans, and investors. Before applying for any program, you will need a solid plan. Please use the resources available to help you prepare. If you’re not sure where to start, call the Chamber at (616) 754-5697. We can help.
Banks and Credit Unions have commercial lenders ready to help. Some can facilitate SBA (Small Business Association) loan applications as well. Our searchable business directory will help you find the financial institution you need.
The Michigan Credit Union Small Business Financing Alliance (CUSBFA) connects entrepreneurs/small businesses with training, and provides the tools to apply for the credit you need to get your business started, or to expand a current enterprise.