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More than 30 Michigan credit unions have already pledged $43 million for small business loans through a new alliance between Gov. Jennifer Granholm and the Michigan Credit Union League.

Announced Feb. 3 during Granholm’s state of the state address, the Michigan Small Business Financing Alliance aims to provide investment capital to entrepreneurs. The Michigan league and its subsidiary CUcorp are coordinating the alignment of Michigan’s 335 credit unions with the state’s 12 small business and technology and development centers to provide access to small business capital, Granholm said.

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