Center for Community and Economic Development

2:16 pm
Fri April 8, 2011

Michigan small businesses face obstacles for expansion

Some Michigan businesses find it difficult to get credit for business expansion
mconnors Morgue File

Michigan businesses may have more trouble accessing credit to grow their companies. But many don’t know about the resources available to help them. 

A new study from Michigan State University found that small businesses and start ups in the state have trouble getting loans to expand because of stricter lending practices.

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