Charles Child - Editor's note: As part of the commemoration of our 30th year, Crain's Detroit Business is revisiting stories from 1985. This story first appeared in the Nov. 25, 1985 issue. In a related story, we take a look at BIDCOs today.A law to permit a new class of bank-like companies that would provide business loans was approved by a Michigan Senate committee last week. Supports say the companies would fill a lending niche between conservative banks and costly venture capital companies. The companies'
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