Novi Small Business Administration

SBA Loans in Novi, MI

Unlock the power of the SBA to fuel your business growth, with flexible terms and low rates  

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No Impact on Credit!
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Written by:
Sam Schneider
Funding Specialist
Edited by:
Matt Labowski
Lead Editor
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A Truly Great Deal, Truly

Great Rates, Less Requirements & Smaller Down Payments

StartCap’s SBA loans in Novi, MI are designed with your small business in mind. From competitive rates to expert support, we provide everything you need to succeed. Partner with us for your financial growth.

2-Minute Online App
Dedicated Specialist
Multiple Funding Options
No Impact on Credit to Apply
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Rates as Low as 6%

Yes, you read that correctly—access SBA loans with competitive rates that help your business thrive.

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Terms up to 25 Years

Enjoy long repayment terms, giving you the flexibility to manage your cash flow over time.

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Flexible Uses

Use your SBA loan for working capital, equipment, real estate, or other business expenses.

We're Michigan's Small Business Launchpad

We're More Than Novi SBA Loans

StartCap provides businesses in Oakland County with flexible financial solutions to meet their needs. Whether you're expanding or optimizing, we offer the resources and support to help you achieve your business goals.

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From idea to orbit, we've got you covered.

No matter where you're at in your journey, we have options to help you get to the next level.

Idea-Stage

Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.

Early-Stage

Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.

Well-Established

Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.

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Top Tier; Very Cutesy; Very Demure

+ 3-Months of Free Digital Marketing

For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Novi or nationwide.

Here's a truck load of stuff to get kicked off

Domain Name
Custom Website
Logo Design
Google Ads Management
Social Media Management
GMB Setup & Optimization
Professional SEO
Web Hosting

Terms & conditions apply

Oakland County

Find SBA Loans Near Novi, MI

Entrepreneurs in Novi and nearby cities can benefit from financial resources that are tailored to help them succeed. Customized solutions are available to help grow your business with ease. From Northville to Westland and beyond, we're your credit line specialists.

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SBA Loan FAQ's

  Are there any local lenders in Novi that can help with SBA loans?

Novi, MI stands out with its dynamic business ecosystem and proximity to Detroit's economic hub. Local founders seeking SBA loans have multiple financing options to support their growth strategies in Oakland County's thriving commercial landscape.

Here are a few local suggestions:
  • Fifth Third Bank at Grand River & Novi Road
  • Citizens Bank at Twelve Oaks Mall entrance
  • Lake Michigan Credit Union at Ten Mile & Novi Road
  • PNC Bank at Novi Town Center
  • Huntington Bank at Twelve Mile & Novi Road
  • Charter One Bank near Fountain Walk

Small business owners exploring SBA loan programs like 7(a), 504, and microloans will find diverse funding opportunities. These loans support equipment purchases, working capital, real estate acquisitions, and expansion initiatives for new start-ups strategically positioned in Michigan's competitive business environment.

Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.

Interest rates for SBA loans in Novi, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Novi, which are popular for new businesses, generally have rates ranging from 6% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.

Yes, your business needs to be registered with the state to qualify for SBA funding. However, to receive funding from StartCap, your business doesn't need to be registered with the state. We can help you explore alternative funding options that rely more on personal credit, income, or assets if you're not registered. Or, we can help you to get registered.

In Novi, Michigan, small business owners across diverse sectors like technology, retail, and professional services can access SBA loan programs. Local founders in Wayne County seeking financial support must meet specific eligibility criteria, including operational history and strong credit profiles.

Service-based businesses such as HVAC contractors, plumbing services, and digital marketing agencies near Twelve Oaks Mall frequently qualify for SBA financing. Startup ventures with solid business plans and revenue potential in MI's dynamic economic environment often receive favorable loan considerations.

Elevate Yourself

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