Banking & Finance

Private equity, lenders, investments, credit unions and financial planning

ARTICLES

Unclaimed property audits could increase

September 19, 2014
Businesses with unclaimed property have a higher chance of becoming the subject of an audit, mostly due to an increase in the number of auditing firms across the country. Read More

The state of crowdfunding in Michigan

September 17, 2014
The Michigan Invests Locally Exemption, which went into effect on Dec. 30, 2013, amended the state’s uniform securities act to provide an exemption from registration under Michigan securities law for the sale by a company of its securities, most notably sales of securities via equity crowdfunding through third-party Internet portals. Read More

Investment banking firm re-brands

September 16, 2014
An investment banking firm with a 25-year history is re-branding itself to better reflect its scope of services, including a new partnership. Read More

Recruiting network acquires East Coast reach

September 16, 2014
A recruiting network with a global reach is expanding its presence on the East Coast through an acquisition. Read More

Rolling forecasts are best budgeting tools

September 16, 2014
For years, the traditional budget has been the tried and tested way to financially operate a business. Read More

State clarifies tax overhaul to avert payouts

September 15, 2014
| By AP
LANSING — Gov. Rick Snyder has signed a bill to clarify that Michigan never intended to give out-of-state companies a lower tax liability in a 2007 business tax overhaul. Read More

A big year for credit union commercial lending

Lake Michigan may be up 40 percent and a small Kalamazoo CU is ramping up.

September 12, 2014
Commercial lending is taking off in a big way at credit unions in West Michigan, with one of the biggest groups in the state predicting its commercial loan volume will increase by as much as 40 percent this year. Read More

Shaking off recession’s effects, SBA borrowing is booming

The number and volume of loans in Michigan are up at least 12 percent over last year.

September 12, 2014
More small businesses in Michigan this year are getting loans backed by the federal Small Business Administration, which one local expert attributes to a strengthening economy and greater confidence on the part of commercial lenders. Read More

Employers look to second round of STTF grant process for employee training

West Michigan companies used $2.9M from fund last year.

September 12, 2014
Employers across the state are preparing to compete for the second round of state funding to develop responsive training programs for employees, which ultimately will promote Michigan’s business and economic competitiveness. Read More

Study finds link between neglected foreclosed homes and race

September 12, 2014
Most people in Grand Rapids would probably tell you that race shouldn’t matter when it comes to banks and property management companies taking care of foreclosed homes. Read More