Advance American Funding, in the Hunter's Square building on 14 Mile, provides loans for medium-sized businesses. You can receive a maximum of $200,000 in seven to 10 days, and there is no closing cost, collateral or application fee. The approval rate is 95 percent.
To be approved, you must have been in business for three months and have more than $5,000 in credit card transactions per month. Money can be used for equipment, renovations, payroll, taxes, inventory, advertising and other business needs.