Items Tagged with 'Eric Seifert'

ARTICLES

‘Green rush’ still checked by cash concerns

Michigan cannabis industry looks to private investors as federal law prohibits banks from lending.

May 11, 2018
(As seen on WZZM TV 13) Entrepreneurs starting or scaling up cannabis businesses in Michigan face a tricky problem: with marijuana illegal at the federal level, they can’t borrow from traditional lenders. Read More

Banks and businesses are watching the interest rates

A professional says there’s ‘no way on earth’ the rates are going to stay this low forever.

January 9, 2015
With the start of 2015, the subject of interest rates has become a lot like the weather: Everybody is talking about — or at least thinking about — it. 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

Flush with cash and eager to lend

One banker says some banks may even be getting a bit reckless again.

August 8, 2014
Lingering aftereffects of the Great Recession are still visible in the commercial lending process, but banks today do have money to lend, and they are willing to deal to get the business, according to expert observers. Read More