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Calif. investors seek Mich. companies

Written by | Sunday, 31 March 2013 22:00 |

Investors attracted to deals on the coasts for years overlooked Michigan as a flyover state, but those perceptions seem to be slowly changing as more outside money sets its sights on in-state companies.

IONIA — Independent Bank Corp., after restoring profitability in 2012, now looks to return to growth mode in 2013 under the leadership of a new president and CEO.

SBA proposes relaxing lending rules

Written by | Sunday, 17 March 2013 22:00 |

Seeking to boost the flow of credit, the U.S. Small Business Administration wants do away with a number of regulations for its two main lending programs.

Mezz fund aims to bridge lending gap

Written by | Sunday, 03 March 2013 22:00 |

The creation of a new mezzanine fund gives small businesses across Michigan one more option to consider when they’re pursuing growth capital.

Panel: State needs more homegrown PE firms

Written by | Sunday, 03 March 2013 22:00 |

GRAND RAPIDS — Private equity investors say they see activity increasing in the years ahead in Michigan, although the state could surely use more homegrown funds.

From its humble roots in 1950 as a one-man trucking operation, Zeeland Farm Services Inc. has evolved into an agribusiness enterprise with a global reach.

As established small and midsize companies, particularly manufacturers, look to grow, many of them run into challenges accessing traditional business loans from banks.

Local teams vie for ACG Cup

Written by | Sunday, 03 March 2013 22:00 |

One of three student MBA teams remaining in the West Michigan Chapter of the Association for Corporate Growth Cup Competition will be named the regional winner on March 12 and compete in the Michigan Intrastate competition for a chance to win the prestigious ACG Cup.

New angel investment group launches in Muskegon

Written by | Sunday, 17 February 2013 22:00 |

MUSKEGON — A new angel investment group formed in Muskegon has $550,000 in the bank and is ready to invest in companies and ideas.

LANSING — The idea isn’t to do more regulation, Kevin Clinton says, but to advocate for the growing financial services and insurance industries in Michigan.

GRAND RAPIDS — Changes in the Michigan management structure at Huntington Bank are designed to better enable the lending institution to gain market share across the state.

A new angel investment group formed in Muskegon has $550,000 in the bank and is ready to invest in companies and ideas.

Muskegon investors form angel group

Written by | Friday, 08 February 2013 09:12 |

An angel investment group launching in Muskegon could provide a potential new source of capital for local entrepreneurs.

Venture capital investing in Michigan had one of its best years ever in 2012, setting the stage for what one venture investor sees as “another very big year” for further growth.

Macatawa Bank Corp. ended 2012 doing something it hadn’t done for some time: growing loans and deposits.

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