Media

Testimonials

Blogs

Great Lakes Business Credit Named to Inc.’s Inaugural Power Partner Awards
Roundup highlights B2B partners that support startups across all business functions and empower growth TROY, Mich. - Nov. 1, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing nonbank asset-based financing companies, was honored today as Inc. Business Media announced the inaugural Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in marketing and advertising, health and human resources, financial planning, engineering,...
Great Lakes Business Credit Names Regional Director
TROY, Mich., Sept. 14, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing nonbank asset-based financing companies, has announced the appointment of Greg Nelson as the company’s Regional Director. Nelson brings to Great Lakes Business Credit more than 20 years of senior-level financial and banking experience, particularly in the commercial and asset-based lending sectors. “We are excited to add Greg to our growing team, especially with all of his financial acumen and ABL skills,” said Great Lakes Business...
A Return to the 70s? Stagflation Explained
With Inflation running at around 8% in both the U.S. and Europe, growth is starting to slow down, prompting fears of a recession. That has led to some economic institutions, including the World Bank, to warn of “stagflation” lurking in the background. The term, a mash-up of stagnation and inflation, was popularized in the 1970s by Nobel economics laureate Paul Samuelson. In the U.S. it brings memories of a time when inflation was high, the economy struggled through two recessions...
Inflationary Times: Businesses Must Define Next Financing Steps
As we move into spring and the pandemic continues to wind down, businesses are returning to more normal operations. But now, with inflation a growing concern (7.9% in February), how can businesses best protect their financing costs? To deal with higher costs, more businesses have been taking out loans. In a survey by the U.S. Chamber of Commerce, nearly half, or 45%, said they have taken out a loan to manage higher costs caused by inflation. According to the Small...
Be Prepared: Interest Rate Hikes Looking More Likely for 2022
Get ready for a year of rising interest rates, precipitated by the Federal Reserve as a way of fighting off inflation, and bolstered by a bevy of financial press and investor reports. Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge in inflation, reports CNBC (1-23-22). Accelerating inflation could cause the Federal Reserve to get even more aggressive than economists expect in the way it raises...
Great Lakes Business Credit Awarded ‘Best of MichBusiness’ Honors
TROY, Mich., Jan. 26, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing asset-based commercial financing companies, has been named a “Best of MichBusiness” honoree. The Best of MichBusiness Awards celebrates the programs and companies that make Michigan a great place to live and work. The awards program honors the companies that made a difference in 2021 and showed outstanding leadership in a time of social and economic uncertainty. It's also a platform to showcase the best practices...