New Michigan Loan Program for ‘Nearly’ Bankable Companies

The MSF Board recently approved the Michigan Supplier Diversification Fund that targets Michigan suppliers that seek to diversify.  One element of the fund is for companies that have revenue and assets but can’t quite close on a bank loan given the current banking environment.  This program will pick up almost half the loan for a bank that would like to provide a loan to a solid company but can’t because the company comes up just a little... [Read More...]