There are many businesses in Detroit, Michigan, that started small, but have grown significantly over the years. Owners of such businesses would agree that one of the biggest challenges that an entrepreneur faces during business formation is gathering sufficient capital to help the business sail through its formative years. The traditional practices of borrowing from friends and family and obtaining loans from banks remain the most popular means of doing so, even to this day.
However, a recent development that can be seen in Michigan and other parts of the United States is called crowdfunding. According to reports, a crowdfunding portal that operates in states such as Indiana, Wisconsin, Arizona and Texas, has now started its operating in Michigan after a brewing company from Michigan became the first company from the state to register on that portal.