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Executives at Mercantile Bank expect there could be a period of organic growth ahead for the Grand Rapids-based company.

While venture capital and angel investing continue to build in Michigan, the state still has gaps in other forms of later-stage capital, according to a recent analysis.

Investors appear willing to steer some of their money into local businesses raising capital through crowdfunding, although they have limits on how much they will invest — at least for now.

Lawmakers who proposed creating local stock exchanges in Michigan so crowdfunding investors could get liquidity out of their equity investments have backed away from the legislation amid concerns from state and federal regulators.

Banks weigh their role in crowdfunding

Written by | Sunday, 11 May 2014 22:00 |

As crowdfunding unfolds as an alternative for small businesses to raise startup funding, bankers are examining the role they can play in a new era of capital formation.

Michigan’s venture capital industry grew further in 2013, continuing the progress of the past several years.

A new state-backed early stage capital fund hopes to cut its first deal by early summer, executives say.

Two venture capital deals involving West Michigan companies follow a national first quarter trend of investors funding businesses in the later stages of development that have greater capital needs.

If you want to hit up the crowd for equity capital under Michigan’s new crowdfunding law, you’ll probably have to do it without Tweeting, Facebooking or Linking In details of your deal.

Federal regulators are close to deciding on Mercantile Bank Corp.’s delayed $151.5 million merger with Firstbank Corp.

The massive security breaches that compromised credit and debit card data for millions of holiday shoppers across the U.S. last year prompted a push for improving payment systems and tightening regulations.

Tom Edmonds is not against crowdfunding as a tool to make equity investments in small businesses. He just worries that it could lead to more people getting scammed.

The U.S. Small Business Administration wants to encourage more lending activity under its programs by continuing to waive certain fees for another year.

Advocates of using crowdfunding to raise capital for small businesses are preparing to get the word out on how the practice works now that it has been legalized in Michigan.

As Kyle DeWitt and award-winning brewer Tim Schmidt started raising capital to launch a new brewery in southeast Michigan, they “hit a wall” in the amount of funding they could secure through traditional sources.

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