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.
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 nearly $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.