Not that it’s ever easy, but business owners have a greater array of options than ever when seeking financing for their companies. From private investor capital to bank debt, businesses with a good track record should have the ability to secure what they need, according to local finance professionals.
Dan Bitzer’s ascension to the role of president at First National Bank of Michigan followed a process that directors at the Kalamazoo community bank outlined years earlier.
Blackford Capital plans to spend 2016 raising money for a new private equity fund that will seek to build off the success of its first fund and invest in Michigan-based companies.
Economists say the quarter-point increase in a key interest rate will have little or no effect on the economy and represents the start of a return to normal after years at historic lows.
Legislation pending in Lansing would update and streamline state regulations over Michigan credit unions and potentially enable them to expand services.
Community banks based in West Michigan posted solid loan growth in the last few months, continuing recent momentum brought about by the state’s improved economy.
The adoption of final federal rules to allow equity crowdfunding now puts the focus on who will actually use it to raise capital for their business or to make an investment.
Fewer M&A professionals and business executives expect deal flow to strengthen in the year ahead. That’s according to an annual survey by law firm Dykema that indicates M&A activity could be peaking after a hot market the last few years.
GRAND RAPIDS — Early-stage venture capital firm Start Garden LLC and Emerge West Michigan, a public-private partnership focused on services for entrepreneurs in 13 counties, are exploring a merger, MiBiz has learned.
LANSING — As the governor and legislators struggle to agree on a plan to fund upgrades to Michigan’s aging road system, Rich Studley worries that failure to resolve the issue hurts the state’s reputation and business climate.
A good economy and participation from more banks across the state drove U.S. Small Business Administration lending to a record level in the last year.
GRAND RAPIDS — Opportunity from a planned retirement and the chance to further drive economies of scale led to the proposed transformational merger between Lake Michigan Credit Union and United Federal Credit Union in St. Joseph.
As Chemical Financial Corp. continues to scout for its next acquisition, executives are preparing for a time when the bank surpasses $10 billion in assets and will incur the increased regulatory compliance that comes with it.
A networking event this week in Ypsilanti aims to bring together existing and prospective angel investors in Michigan and explore their opportunities. The Ann Arbor- and Detroit-based Growth Capital Network and Startup Angels of Washington, D.C. will host the Startup Angels Michigan conference on Thursday, Oct. 22, at the Eagle Crest Resort in Ypsilanti.
While capital and credit remain more readily available these days for most small business owners, advisers need to do more to educate their clients and generate awareness of the funding options.
M&A activity remains strong heading toward the last quarter of 2015, sustaining a seller’s market as financial and strategic buyers compete for good deals.