- Michigan has not enacted a commercial financing disclosure law as of mid-2026, and MCAs are generally treated as purchases of future receivables rather than loans.
- House Bill 5281 targets third-party litigation funding, not general commercial or sales-based business financing.
- The economy is the nation's most manufacturing-dependent — anchored by automotive (about 16% of state GDP) and a Grand Rapids furniture and advanced-manufacturing cluster — served by the SBA Michigan District Office in Detroit with a Grand Rapids branch.
Funding the Michigan economy
Michigan remains the most manufacturing-dependent state in the country, with the auto industry — assembly plants, parts suppliers, and tooling shops — still generating roughly 16% of state GDP. But the picture is broader than Detroit and Warren: Grand Rapids and West Michigan anchor a globally significant furniture and advanced-manufacturing cluster, and the state has a deep, diverse agricultural base. With supply chains navigating tariff uncertainty and interest-rate pressure heading into 2026, Michigan businesses are managing cash flow carefully — and that’s exactly where the right financing helps.
Industries we fund across Michigan
- Automotive & parts suppliers — equipment financing and working capital for the tier-one and tier-two shops feeding Detroit-area assembly lines.
- Advanced & furniture manufacturing — lines of credit and equipment loans across Grand Rapids and West Michigan.
- Agriculture & food processing — seasonal working capital for one of the most agriculturally diverse states in the nation.
- Logistics & distribution — invoice factoring to bridge slow-paying freight and supplier invoices.
- Healthcare — practice financing and build-outs as service sectors grow.
- Skilled trades & construction — equipment loans and working capital for project-driven cash flow.
What the rules mean for you
Michigan has not enacted a commercial financing disclosure law, and merchant cash advances here are generally treated as purchases of future receivables rather than loans — so the state doesn’t require a standardized APR or total-cost disclosure the way states like California or New York do. The practical takeaway: get the numbers in writing yourself. Before signing, ask for the total repayment amount, the total cost of financing, and the payment schedule, and read the reconciliation clause closely — a genuine MCA adjusts payments with your actual revenue. Hoss Capital only works with partners who operate transparently.