Michigan Business Connection - Credit Union Service Organization

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Michigan Business Connection – Credit Union Service Organization

In 2004, a group of Credit Unions started Michigan Business Connection, a Credit Union Service Organization that would help share the costs and risks of member business lending. Shared costs mean lower costs for both Credit Unions and the business borrowers. And shared risks means more money is available to be loaned and borrowed.

Even in the darkest days of the Great Recession, Michigan Credit Unions continued to lend to Michigan businesses. And now, in the midst of this pandemic challenge, our Credit Unions have provided more than 1,000 small business owners fast access to funds to keep payroll going. All together we have helped our Credit Union partners successfully originate and manage $1 Billion in business loans. That’s $1 Billion dollars of capital for thousands of Michigan based small businesses and commercial real estate owners. We handle the paperwork, underwriting and ongoing maintenance so more Michigan Credit Unions can help more Michigan business borrowers.

Is an SBA Loan Your Best Option? Download the Guide.

The Small Business Administration (SBA) is a government agency that helps lenders provide financing to small businesses to build our economy. The idea is to make loans available to business owners who might not qualify for traditional loan options by partnering with lenders and insuring the loans (decreasing the risk) in the event the business is not able to repay. This might be the best option for a business and it might not. At MBC we work with business owners every day and can help determine the best loan options for any situation. To help you get started MBC put together a FREE small business guide along with information on how MBC Credit Unions regularly BEAT the rates offered by bank SBA lenders.

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What you need to know about your typical Bank SBA Loan!

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We’re a Michigan CUSO Helping Credit Unions to Offer the Best Business Lending Solutions

Lending money is your core business, and builds your place in your community. It also fulfills your mission of people helping people. But, successfully lending money to business requires technology, expertise and a really good understanding of regulatory rules and expectations. As a Michigan CUSO, we work with Michigan Credit Unions of all sizes to enable the offering of the best business loan options. Your healthy lending environment and member care is our mutual priority. By partnering with MBC you can reduce risk and increase access to capital for your membership and the communities you serve.

Michigan businesses need loans and MBC wants to help you help those businesses. What does it mean to be an MBC partner/subscriber? When a business needs a loan we work with your Credit Union to underwrite and manage the deal. Our goal is to help Michigan Credit Unions be top-notch business lenders by offering the nuts and bolts of MBL origination and management support. You always make the loan decision and own the loan. See what our business borrowers and Credit Union partners say about working with MBC.

Learn More About Our Credit Union Services ›

Meet Our Satisfied Small Business Owners:

I am so glad I found out my local branch could help me get a business loan. And working with MBC was helpful and friendly.

I used to deal with big banks, but they wouldn’t help me a few years ago. MBC introduced me to a Credit Union and it has been really great.

I didn’t know Credit Unions made SBA loans, but I am sure glad I found out.