Inside Lakebridge Finance, a Livonia, MI Business Funding Service

Take an invented Livonia, MI physical therapy clinic that wants four powered treatment tables and a therapeutic ultrasound unit, all on one vendor quote. Its owner calls Lakebridge Finance before signing anything with the vendor.

On that call the owner covers what the money buys, when the vendor expects payment and roughly how much is needed. A one-time equipment cost with a fixed price points toward equipment financing or a term loan rather than a revolving line, so the conversation narrows to those two.

Lakebridge Finance then sends the request to funding partners whose programs take clinical equipment. A partner may ask the clinic for bank statements, the vendor quote and how long the practice has been open, and it then makes an offer or declines. Any offer states its amount, payment, term and total cost, and the clinic owner is the only one who decides whether to sign it.

The same path, with the documents a partner may want at each stage, is laid out on the step-by-step request page.

A Wayne County, MI embroidery shop adding a second multi-head machine has more than one door to knock on. It can ask its own bank or credit union directly, and the machine dealer may run a financing program of its own. A request through Lakebridge Finance is another route: one call, after which the request goes to funding partners with equipment programs.

Asking one bank produces one set of terms to read. A request carried by Lakebridge Finance can reach several partners, so the shop may end up with more than one offer to set side by side, or with none if every partner declines.

Across whatever offers arrive, the embroidery shop can line up:

• the size of each monthly payment and how many of them the machine carries
• the sum of every payment, set against the machine's quoted price
• whether the machine alone secures the agreement or other business assets do too
• any fee due at signing, as each offer words it
• what clearing the machine balance ahead of schedule would cost under each agreement

For a bakery pricing two refrigerated display cases, the first question is what the money pays for. Freestanding cases that plug into an existing outlet are equipment, and an equipment request can travel from Lakebridge Finance to funding partners. A new circuit, or any wall or floor work for the cases, is property work and stays outside this site.

Where the bakery sits in Wayne County, MI does not change how it starts: a call to (734) 704-6913 or the short form on the request page. The bakery need not name a funding type first. The case prices and the date the supplier wants paying are enough to start, and the call works out the rest.

Six funding types cover the requests Lakebridge Finance carries: a working capital loan, a term loan, a revolving line of credit, stock-backed inventory financing, machine-backed equipment financing and a merchant cash advance against card sales. A table on the business loans page lines all six up with how each is paid back and a cost it fits. Costs that suit them include:

• machines, tools and work vehicles such as a delivery van
• stock bought before it sells
• wages and supplier bills owed before a customer invoice or an insurance claim is paid
• equipment for a second location of a business that already has sales

Other costs are outside this site: buying or building real estate, work on the building itself, money to start a business that has no sales yet, personal or consumer loans, and funding for trucking companies or agriculture.

A business without staff is not shut out. Nonemployer Statistics put 169,690 businesses with no paid employees in Wayne County, MI in 2024. An owner who works alone can request the same six funding types as a shop with a payroll, and each funding partner weighs that request by its own standards.