Do you believe your small business can benefit from a small business loan this year? Do you know where to apply for one? Small businesses in Michigan are getting workshops and small business loans for their business to help them grow. The requirements to apply for such loans are minimal and depending on your business, the ROI when you apply for such loans can be monumental. For more information about this, follow the links below.
Small business owners get help and inside tips in special workshop
Small Business Workshop in Detroit’s Tech Town.
DETROIT, Mich. (WXYZ) – Small business owners are getting ready for a special workshop designed to help them grow their companies. The event is loaded with information for current leaders and aspiring ones. CLICK THE VIDEO PLAYER TO FIND OUT WHAT YOU NEED TO KNOW ABOUT THE UNIQUE EVENT.
The month of May is considered “Small Business Month.” The LEE Group, is teaming up with Fifth Third Bank and the Michigan Women’s Foundation, for the annual Small Business Workshop.
It’s set for Wednesday, May 3, 2017, 7:30am-1pm, at TechTown, located at 440 Burroughs, in Detroit.
The cost is $75 and includes a continental breakfast. For more information and to register, please visit: http://leegroupinnovation.com/small-business-workshop/
Small business sales hit record in first quarter
Small businesses remain hot commodities, with first-quarter sales of companies reaching the highest point recorded by BizBuySell.com.
The internet marketplace tallied the number of transactions reported by business brokers nationwide.
BizBuySell.com counted 2,368 closed transactions, up nearly 29 percent from 1,840 in the first quarter of 2016. The improving economy is encouraging current owners to put their companies on the market and spurring buyers to look for businesses, BizBuySell.com says.
Companies that are being sold are healthier than a year ago, with an average $518,159 in annual revenue, up more than 8 percent from $478,000 a year earlier. And sellers are getting better prices; the median sale price was $237,000, up nearly 8 percent from $220,000.
NEIdeas offers $400,000 in grants to help small businesses grow
Small businesses in Detroit, Hamtramck and Highland Park can apply for $400,000 in grants to help them grow.The New Economy Initiative program targets companies that are at least 3 years old.
