Business Loans in Michigan - Get Funded Fast

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    Business Loans in Michigan: Get the Funding You Need

    Michigan provides an excellent small business environment, recently ranked as the nation’s #9 state for business. Detroit’s industrial powerhouse leads the way in automotive and manufacturing, while the Wolverine State’s ample natural resources and access to the Great Lakes provide many other business opportunities.

    michigan, flag, state, business loans in michigan

    However, many small business owners require access to capital to grow, with some estimates suggesting that over 70% of small businesses in Michigan rely on loans to develop. Michigan business loans are essential for entrepreneurs seeking to expand, invest in new equipment, or manage cash flow. These loans can provide the financial boost needed to turn dreams into reality.

    This guide covers what you must know about Michigan business loans, including the benefits, drawbacks, and application process. Specifically, we’ll answer these questions and more:

    A few ways to use your funds:

    Purchase New Equipment
    Updates & Renovation
    New Location/ Expansion
    Busy & Slow Season

    I had an awesome representative Sean Hutchinson was very helpful, he was knowledgeable and I appreciate the way that he assisted me, he was bot pushy nor did he hurry me along when we spoke. He was very attentive and helpful, he made sure to keep me updated every step of the way with the process. Thank you ♥️
    Antonia B.

    Free Consultation No Obligation

    What types of Business Loans are available in Michigan?

    Michiganders can access various business loan programs to fund operations in the Great Lake State.

    Small Business Loans

    Working Capital Loans: Working capital loans in Michigan provide financing to cover a business’s day-to-day operational expenses. Typical uses of working capital loan funds include inventory purchases, payroll, rent, and other short-term financial needs. They provide the cash flow to keep operations running smoothly and seize economic opportunities. Working capital loans are typically easier to qualify for than other business loans, making them a popular choice for small businesses needing quick funding.

    Business Line of Credit: A business line of credit in Michigan is a flexible financing option that allows small businesses to access funds as needed. Instead of a lump sum payment, funds for a business line of credit are activated as an available credit limit. The process works similarly to a credit card, where you can borrow and repay funds as needed, only paying interest on the amount you use. This type of financing is ideal for covering short-term expenses, managing cash flow fluctuations, or seizing growth opportunities without applying for a new loan each time.

    Revenue-Based Financing: Revenue-based financing in Michigan is a form of alternative small business funding where the company’s revenue determines eligibility and amounts. Repayment comes directly from a percentage of future revenue. This type of financing allows businesses to access capital without taking on additional debt, making it an attractive option for companies with fluctuating revenue streams.

    SBA Business Loans: SBA loans provide funding to help businesses start, grow, and succeed. The Small Business Administration (SBA) partially guarantees these loans, providing security for lenders and allowing small businesses better access to capital. These loans offer favorable terms such as lower interest rates and more extended repayment periods than traditional bank loans, making them an attractive option for small business owners. An SBA loan in Michigan can be used for various purposes, including working capital and equipment purchases. SBA 504 loans provide fixed-rate financing for commercial real estate acquisition and other major fixed assets.

    Invoice Factoring: Invoice factoring in Michigan is an alternative business funding option in which a business sells its accounts receivable to a third party at a discount. This provides immediate cash flow, allowing the business to cover expenses or invest in growth without waiting for customers to pay their invoices. The factoring company then collects the total amount from the customers directly.

    Merchant Cash Advance: A merchant cash advance (MCA) in Michigan is a form of financing where a business receives a lump sum of money upfront in exchange for a percentage of future credit card sales. This type of funding is typically used by small businesses with fluctuating revenue streams or those needing quick access to capital. While merchant cash advances can provide fast funding, they often come with high fees and may not be suitable for all businesses.

    Business Term Loan: Business term loans in Michigan are a type of financing where a business borrows a lump sum and repays with interest over a set period with fixed monthly payments. These loans are ideal for small businesses looking to fund long-term investments like equipment purchases or business expansion projects. The interest rates and terms of business term loans can vary depending on the lender and the borrower’s creditworthiness.

    Equipment Financing: Equipment financing in Michigan is a type of small business loan specifically used to buy machinery and equipment for operations. This form of financing allows businesses to acquire necessary assets without draining their cash reserves. Typically, the equipment being purchased serves as collateral for the loan, making it easier for businesses to secure funding.

    Asset-Based Loans: Asset-based loans (ABL) in Michigan allow small businesses to unlock the value of the assets on their balance sheet to secure funding. ABL lenders have business assets appraised and then issue loan amounts based on the appraisal value. The assets become collateral for the loan, meaning the lender can claim the assets in case of default. Some examples of asset-based business loans include commercial real estate loans, secured term loans, and accounts receivable financing.

    Specialized Michigan Business Financing Options

    Michigan offers various state-specific small business loans. These loans cater to different needs and industries. They help businesses grow and thrive in the state.

    Small Business P2 Loans

    Small Business P2 Loans (P2 Loan Program) focus on environmental improvements by supporting businesses that want to reduce pollution. Companies can borrow up to $400,000 at low interest rates of 5% or less. The program is open to independently owned existing businesses with 500 or fewer full-time employees. Qualifying projects include those that aim to eliminate or reduce waste, reduce or recycle generated waste, or conserve water or energy.

    Michigan Opportunity Fund

    The Michigan Opportunity Fund provides capital for women-owned small businesses. This fund aims to create jobs and stimulate growth. It offers flexible financing options for startups and established companies. Businesses can receive funding based on their specific needs and goals.

    Capital Access Programs

    Michigan has several Capital Access Programs available through the Michigan Economic Development Corporation (MEDC). These programs are designed to assist small businesses. Here’s a brief overview of each program:

    • Collateral Support Program: This program helps businesses secure loans by providing collateral support when they have a shortfall, according to lender analysis. Eligible businesses must be working with a private lender to acquire commercial credit. The program supplies pledged collateral cash accounts to lenders. It uses federal funding under the State Small Business Credit Initiative (SSBCI).
    • Loan Participation Program: This program helps businesses access capital when lenders deem they have a cash flow shortage. The program purchases a portion of the loan to reduce the lender’s risk.
    • Capital Access Program: This program uses public resources to support bank funding for small businesses. The innovative solution is available to most companies with 500 employees or fewer and can fund most business goals. MEDC provides a fact sheet for more information.
    • Loan Guarantee Program: This program guarantees a portion of business loans up to $250,000. It gives lenders confidence when lending to small businesses with less established credit histories.
    • Private Activity Bonds: These bonds help finance projects that create jobs or improve public facilities. They provide low-interest financing for eligible businesses.

    Local Programs in Michigan

    Local programs also play a vital role in supporting businesses. For instance, Invest Detroit focuses on revitalizing communities through economic development and offers funding and resources for local entrepreneurs.

    Other local initiatives include community banks and credit unions that provide tailored services. These institutions understand the unique needs of Michigan businesses and offer personalized solutions.

    Business Loan Options Compared

    LOAN TYPESMAX AMOUNTSRATESSPEED
    Merchant Cash Advances$7.5k – $1mStarting at 1-6% p/mo1-2 business days
    SBA Loan$50k-$10mStarting at Prime + 2.75%8-12 weeks
    Business Term Loan$10k to $5mStarting at 1-4% p/mo1-3 business days
    Business Line of Credit$1k to $250kStarting at 1% p/mo1-3 business days
    Receivables/Invoice Financing$10k-$10mStarting at 1% p/mo1-2 weeks
    Equipment FinancingUp to $5m per pieceStarting at 3.5% (SBA)3-10+ business days
    Revenue Based Business Loans$10K – $5mStarting at 1-6% p/mo1-2 business days

    What types of industries are most prominent in Michigan?

    detroit, building, gmrencen

    Michigan has a diverse economy. Small businesses play a vital role in this state. They create jobs and drive innovation, and many of these businesses thrive in various industries.

    Here are some of the most prominent industries in Michigan:

    Automotive Manufacturing

    This industry is the backbone of Michigan’s economy. Major companies like Ford and General Motors are based here. They produce cars, trucks, and auto parts. The automotive sector employs thousands of people.

    Agriculture

    Michigan has a rich agricultural history. The state grows fruits, vegetables, and grains. It ranks high in producing cherries, blueberries, and apples. Farmers contribute significantly to local economies.

    Healthcare

    Healthcare services are essential to Michigan’s economy. Hospitals, clinics, and research centers provide care to residents, and the state is also known for manufacturing medical devices.

    Tourism

    Tourism is a significant economic driver in Michigan. Beautiful lakes and parks attract millions of visitors yearly, and activities like camping, fishing, and skiing boost local businesses.

    Information Technology

    The tech industry is rapidly growing in Michigan. Companies focus on software development and cybersecurity, and this sector offers many job opportunities for skilled workers.

    Financial Services

    Michigan is home to a thriving financial services industry, with many central banks and financial institutions in the state. The industry is crucial in providing banking, investment, and insurance services to individuals and businesses across the state.

    What are the advantages of Michigan Business Loans?

    Michigan small business loans offer various benefits. The primary advantage is access to needed capital to support business development and growth. A variety of business loans are available, each suited to specific business needs such as working capital, expansion, purchasing equipment or other major assets like commercial real estate, and investing in new opportunities.

    Many small business loans offer competitive interest rates and flexible repayment options. Business owners have several lender options, including alternative lenders for fast and easy funding. Businesses or business owners from underserved communities can also potentially access low-cost funding from nonprofit and government-backed community lenders.

    Successfully repaying small business loans can help Michigan-based companies build a positive business credit history, opening the door to more advantageous financing solutions. In addition, seeking small business loans can lead to networking with other businesses and finding new growth opportunities.

    What are the disadvantages of Michigan Business Loans?

    Michigan small business owners should be aware of the drawbacks and potential pitfalls of business loans. All debt carries some risk level. Failing to make payments or defaulting on a business loan can lead to higher costs, damaged business credit, or even jeopardize the future of your enterprise.

    Credit-challenged business owners face the risk of higher interest rates or loan denial. Traditional lenders typically have stringent application processes requiring extensive documentation. This can present a barrier to entry from some businesses.

    Some small business loans require collateral, putting high-value business assets at risk. You might also be required to sign a personal guarantee allowing lenders to pursue your personal assets in the case of a business loan default.

    Getting the wrong loan for your business needs and cash flow can also lead to problems with repayment. For example, a term loan with consistent monthly repayments could challenge seasonal businesses or those with fluctuating revenue.

    Knowing these potential issues and understanding the loan agreement before signing is crucial. Ensure any business loan aligns with your needs and cash flow and that you have a plan and budget for successful repayment.

    PROS
    Access to capital for business needs like equipment and working capital.
    Multiple lender options, such as traditional banks or alternative lenders.
    Competitive interest rates and flexible repayment terms available.
    Opportunity to build positive credit history with successful repayment.
    Potential networking opportunities when seeking business financing.
    CONS
    Risk of defaulting when taking out business debt.
    Traditional lenders have stringent eligibility and documentation requirements.
    Potential for high interest rates for credit-challenged businesses.
    Might require collateral, putting business assets at risk.
    Might require a personal guarantee, putting personal assets at risk.

    How to apply for a Business Loan in Michigan:

    The application’s required paperwork depends on your chosen Michigan business loan. For most products, funds can be approved and distributed in up to three business days. Here’s how to apply:

    Step 1: Choose the Right Product

    The first step is choosing the most sensible solution to the problem at hand. This should require a decent amount of research, as each product is designed for different types of expenses and cash flow cycles. Are you looking to cover a short-term or long-term cost? Is demand expected to increase or decrease in the coming months?

    Considering the funds’ purpose will also help us determine the correct borrowing and terms for your needs.

    Step 2: Gather Your Documents

    Here are the documents and information required for all Michigan business loans:

    • Driver’s license
    • Voided business check
    • Bank statements from the past three months
    • Invoice for equipment (for Equipment Financing)
    • Credit card processing statements from the past three months (for Merchant Cash Advance)
    • Accounts Receivable Aging Report (for Accounts Receivable Factoring)
    • Accounts Receivable (for Accounts Receivable Factoring)
    • Debt Schedule (for Accounts Receivable Factoring)

    SBA Loans require additional documents and information. Visit our SBA Loan page to learn what’s needed for the application.

    Step 3: Fill Out Application

    You can begin the application process by calling us or filling out our one-page online application. Either way, you’ll be asked to enter the information from the previous section along with your desired funding amount.

    Step 4: Speak to a Representative

    Once you apply, a representative will contact you to explain the repayment structure, rates, and terms of your available options. This way, you won’t have to worry about any surprises or hidden fees during repayment.

    Step 5: Receive Approval

    If and when you’re approved, funds for Business Term Loans, Business Lines of Credit, Working Capital Loans, Equipment Financing, Merchant Cash Advance, Revenue-Based Business Loans, and Accounts Receivable Factoring should then appear in your bank account in anywhere from 24 hours to one week. For SBA Loans, it usually takes 3-5 weeks (or more in some cases) to receive funding.

    Your Business Financing Gets Set Up – Now What?

    Your Michigan business loan isn’t just a way to get financing for your business. It’s also an excellent opportunity to start building (or improving) your credit.

    Regardless of the type of business loan you get, make all your required payments on time and in full. If you get a business credit line or another form of revolving credit, keep your balance below the credit limit.

    Consistently making your business financing payments on time and in full will positively impact your credit. And that means preferred rates and terms when you next need business financing.

    What if I'm declined for a Business Loan in Michigan?

    If your application is declined, you might have applied for the wrong product for your cash flow. In this case, we would likely recommend a different product with a less hazardous repayment structure.

    Your application might also be declined after it is determined that you cannot afford to take on more debt. Instead, your needs and financial circumstances might be better suited for another financing tool, like a business credit card or even a personal loan. Both options can be accessed through the UCS site and are usually much more accessible to qualify for than business loans.

    If your credit score is preventing you from accessing financing, you should consider credit repair services. We can help you identify the issues that keep your score down and develop practical solutions for eliminating them.

    We have access to various business funding options in Michigan.

    Proven to work for our clients. Get one today.
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    Michigan Business Loan FAQs

    What lenders offer Business Loans in Michigan?

    finance, facade, reflection

    Michigan small business owners have several lender choices for business loans.

    Traditional Lenders

    Traditional financial institutions include banks and credit unions, typically offering lower rates and longer repayment terms. However, most traditional lenders require excellent credit, several years in operation, and high revenue streams. They also often require high-value collateral, making qualifying for traditional business loans difficult.

    When considering traditional lenders, business owners can choose between national commercial banks, like Wells Fargo and Bank of America, or local banks and credit unions. National banks typically provide more resources and higher loan amounts, but regional banks understand your market better and can typically offer more customized solutions. Some local lenders of note in Michigan include:

    • Flagstar Bank.
    • Huntington Bank.
    • Michigan State University Federal Credit Union (MSUFCU).
    • Michigan First Credit Union.
    • Arbor Financial Credit Union.

    Alternative Lenders

    Michigan business owners who can’t qualify for traditional financing or need access to quick capital can consider alternative lenders. These are typically nonbank and online lenders that provide convenient online applications powered by financial technology (fintech) platforms.

    Online lenders can typically provide quick decisions and fast funding with less stringent qualifications than banks. However, alternative lenders may have higher interest rates and fees as a tradeoff for increased accessibility and convenience.

    Small Business Loan Marketplaces

    Small business loan marketplaces (like UCS) are a game-changer for Michigan business owners seeking capital to support growth. Like online lenders, these marketplaces typically provide easy online applications and fintech platforms that can provide quick decisions. However, they maintain a network of lenders, allowing small business owners to apply to many options with a single application, saving time and reducing stress. It’s not uncommon to receive multiple funding offers through a marketplace.

    Some companies also use a concierge approach, connecting applicants with business loan experts who can guide them through their options. This helps small business owners find the best financing solution for their specific business needs and qualifications.

    Community Development Financial Institutions (CDFIs) & Community Development Corporations (CDCs)

    Community Development Financial Institutions (CDFIs) and Community Development Corporations (CDCs) play a crucial role in Michigan by providing financial assistance to underserved business owners. These organizations focus on supporting small businesses in low-income communities, often overlooked by traditional lenders.

    CDFIs offer loans, technical assistance, and financial education to help entrepreneurs start or expand their businesses. CDCs work on community development projects, such as affordable housing and commercial revitalization, which can create opportunities for local businesses. By partnering with CDFIs and CDCs, underserved business owners in Michigan can access the resources they need to thrive and contribute to their communities’ economic growth.

    Are there government assistance programs for Michigan Small Businesses?

    michigan, state, capitol

    The state of Michigan provides various assistance programs for small businesses.

    Michigan Economic Development Corporation (MEDC)

    The Michigan Economic Development Corporation (MEDC) plays a crucial role in supporting small businesses in the state. MEDC offers various programs and initiatives aimed at helping small businesses grow and succeed. These programs include grants, loans, technical assistance, and access to resources for business development.

    Additionally, MEDC provides support for entrepreneurship, innovation, and workforce development to help small businesses thrive in Michigan’s competitive market. By supporting the success of small businesses, MEDC contributes to the state’s overall economic growth and prosperity.

    Small Business Development Center (SBDC) of Michigan

    The Small Business Development Center (SBDC) of Michigan provides free consulting services, resources, and training programs. SBDC helps entrepreneurs and small business owners navigate the complexities of starting and growing their businesses.

    From developing business plans to accessing funding opportunities, the SBDC offers personalized assistance to help small businesses succeed and thrive in Michigan’s competitive market. With a network of experienced advisors and strategic partnerships, the SBDC is a valuable resource for small businesses looking to achieve their goals and reach new heights of success.

    Small Business Administration (SBA)

    The Small Business Administration (SBA) supports businesses in Michigan by offering various resources and programs to help them succeed. Some of the ways the SBA supports businesses in Michigan include providing access to capital through loan programs, offering guidance on starting and growing a business, and assisting with government contracting opportunities.

    Here is a list of SBA offices in Michigan where businesses can seek assistance:

    SBA District Office – Detroit

    • 477 Michigan Avenue, Suite 515
    • Detroit, MI 48226
    • Phone: (313) 226-6075

    SBA Branch Office – Grand Rapids

    • 50 Louis Street NW
    • Grand Rapids, MI 49503
    • Phone: (616) 771-0305

    SBA Branch Office – Lansing

    • 3100 West Road
    • East Lansing, MI 48823
    • Phone: (517) 324-5900

    SBA Branch Office – Flint

    • 432 N Saginaw Street, Suite 101
    • Flint, MI 48502
    • Phone: (810) 767-8387

    SBA Branch Office – Ann Arbor

    • 201 W. Liberty Street, Suite 300
    • Ann Arbor, MI 48104
    • Phone: (734) 332-4170

    These offices serve as valuable resources for Michigan businesses looking to start, grow, or expand. Businesses can contact these offices for guidance, support, and access to SBA programs and services.

    Michigan Economic Development Foundation

    The Michigan Economic Development Foundation provides various resources and programs aimed at fostering growth and success. Through initiatives such as access to capital, business development assistance, and networking opportunities, the foundation helps entrepreneurs navigate the challenges of starting and running a small business. Additionally, the foundation works to attract new business to Michigan and promote economic development in the region, creating a more vibrant and diverse business environment for small enterprises to thrive.

    Michigan Department of Labor and Economic Opportunity (LEO)

    The Michigan Department of Labor and Economic Opportunity (LEO) plays a crucial role in supporting small businesses across the state. LEO offers various resources and programs aimed at helping small businesses thrive, including access to funding opportunities, workforce training programs, and assistance navigating government regulations. By providing these essential services, LEO helps small companies to grow, create jobs, and contribute to the overall economic development of Michigan.

    Local Programs

    Many local governments in Michigan also have support programs. Cities and counties may offer grants, tax incentives, or low-interest loans. For example, Detroit has the Detroit Economic Growth Corporation, which helps businesses find funding and resources.

    Local chambers of commerce often provide valuable assistance, too. They connect business owners with resources and networking opportunities. These connections help businesses thrive in their communities.

    What Michigan Business Grants are available?

    Many Michiganders seek financial help to grow their businesses. Several grants are available across the state to support various needs, from startup costs to community development.

    • Match on Main: This program offers up to $25,000 in funding to help small businesses with building renovations, equipment purchases, and other improvements to their storefronts. It aims to revitalize downtown areas and support local entrepreneurs in Michigan.
    • Industry 4.0 Technology Implementation Grant: This grant program provides funding to businesses looking to adopt advanced technologies such as automation, artificial intelligence, and data analytics to improve their operations and competitiveness in the digital age. It aims to support companies embracing Industry 4.0 technologies to drive innovation and growth in the state.
    • Michigan State Trade Expansion Program: This program provides grants to Michigan small businesses looking to expand their export opportunities. It offers financial assistance to cover costs associated with international marketing and trade show participation.
    • Michigan Mobility Funding Platform: This program offers grants to support innovative projects in the mobility sector, such as autonomous vehicles, connected infrastructure, and transportation solutions. These grants aim to drive technological advancements and economic growth in Michigan’s mobility industry.
    • Michigan Business Development Program: This program provides grants to businesses looking to expand or relocate in Michigan, with a focus on job creation and economic growth.
    • Michigan Community Revitalization Program: This program offers grants and loans to support community development projects that create jobs, attract investment, and improve infrastructure.
    • Small Business Innovation Research Program: This program provides funding for small businesses to conduct research and development projects with the potential for commercialization.
    • EGLE Grants: Offers various grants for environmental projects and initiatives to protect Michigan’s natural resources and promote sustainability.

    What tax credits are available for Michigan Businesses?

    Michigan offers various tax credits to support businesses. These incentives help companies grow and create jobs. Here are some key tax credits available:

    • Michigan Business Development Program (MBDP): This program provides grants and tax credits to businesses that create jobs and invest in Michigan. Companies can receive funding based on the number of jobs created and the amount invested.
    • Michigan Economic Growth Authority (MEGA) Tax Credits: MEGA offers tax credits for businesses that plan to expand or relocate in Michigan. The goal is to attract new investments and retain existing jobs.
    • Brownfield Redevelopment Tax Increment Financing (TIF): This credit helps businesses clean up contaminated properties. It allows companies to recoup some costs related to environmental cleanup through future tax revenues.
    • Personal Property Tax Exemptions: Certain businesses can qualify for exemptions on personal property taxes. This applies mainly to small businesses with less than $80,000 in personal property.
    • Film Tax Credit: This incentive encourages film production in Michigan. Productions can receive a credit of up to 32% on eligible expenses incurred while filming in the state.
    • Research and Development Tax Credit: Businesses investing in research and development can claim this credit. It encourages innovation by reducing the taxable income for qualifying R&D expenses.
    • Agricultural Processing Tax Credit: This credit supports companies involved in agricultural processing and provides financial relief to enhance Michigan’s agriculture sector.
    • Historic Preservation Tax Credit: Businesses restoring historic buildings can benefit from this credit. It covers a portion of renovation costs, making it easier for companies to invest in older properties.
    • Job Creation Tax Credit: Companies that create new jobs may qualify for this credit. The amount depends on the number of jobs added and the wages paid.
    • Workforce Development Tax Credits: These credits assist businesses that invest in employee training programs. They help improve skills and boost productivity.

    Can I get a Michigan Business Loan with Bad Credit?

    Credit-challenged Michigan business owners still have the opportunity to access needed funding with bad credit business loans. Alternative and online lenders are the primary sources for these specialized options.

    Bad credit business lenders typically focus more on cash flow and growth potential than credit scores. However, these loans usually have higher interest rates, shorter repayment periods, and more frequent repayments to offset the perceived risk of lending to borrowers with low credit scores.

    Before taking out a bad credit business, you should ensure you can afford the repayments. Late payments and defaults can lead to increased costs and potentially trap your business in a cycle of debt that’s difficult to escape.

    The good news is that many lenders provide fast and easy applications for these loans, allowing you to access needed capital quickly. A popular strategy for business owners with bad credit is to use these loans for short-term bridge financing while repairing credit. Once you improve your credit score, you can potentially secure more advantageous low-cost, long-term loans and pay off the bad credit business loan debt.

    Business Loans in Michigan - Final Thoughts

    lighthouse, lake, lake michigan

    Michigan business loans offer entrepreneurs the financial support they need to grow and expand their operations. Whether it’s for purchasing new equipment, expanding a storefront, or hiring additional staff, these loans can provide the necessary capital to take your business to the next level.

    By exploring the various loan options available and working with a trusted lender, businesses in Michigan can access the funding they need to thrive in a competitive market. Contact us if you’re ready to explore your Michigan business loan options!

    I give this company a 10 star if I could very good company especially when you starting your business. This company worked with my credit. Matthew was fantastic he walked us through step by step to get our business financed.
    Steven D.

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    Why Choose United Capital Source?

    Why businesses choose UCS:

    1
    Quick funding options that won’t affect credit
    2
    Access to 75+ lenders with multiple products to choose from
    3
    Financing up to $5 million in as few as 3 days
    4
    1500+ 5 star reviews from happy clients!

    Ready to grow your business? See how much you qualify for:

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      How much Working Capital would you like for your business?

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        Current monthly sales deposit average to your business bank account?

        How much Working Capital would you like for your business?

        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
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