Remove Bankruptcy Remove Cash Flow Remove Lien Remove Michigan
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

BUSINESS TAX REFORM: The unpopular Michigan Business Tax (MBT) will be replaced effective January 1, 2012 with a simpler and competitive corporate income tax. Lower rates will tax C corporations at 6 percent on federal taxable income apportioned to Michigan. matchmaking with Michigan suppliers. What does this mean?

Income 108