Tag: technology banking

BOAA Technology Industry Group President Michael Cole On The Tech Financing Process, Tech City Jam Friday
Fun, Funding, Tech Events

BOAA Technology Industry Group President Michael Cole On The Tech Financing Process, Tech City Jam Friday

When new businesses start up, arranging financing can be fraught. When that process involves a bank loan, it’s hard to know where to go. Many banks have a reputation for turning away small or risky tech startup businesses. Good news for tech businesses in Ann Arbor and Southeast Michigan. Bank of Ann Arbor, which according to DBusiness is now the 4th largest bank in Metro Detroit, has created an entire division specifically for financing and guiding tech businesses in the growing startup hub. BOAA Technology Industry Group President Michael Cole says this has been a long time in process. Cole has been working for the past 17 years to create business financing options specifically tailored to tech and life sciences businesses in Southeast Michigan.

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