Areas Served: Iron County Iron County, Michigan created a fund of money, derived from community development block grants, that is to be used to further economic development within the county. The proportion of jobs that will be targeted to low and moderate income persons will be at least 51% of the jobs created by the
Read MoreAreas Served: Statewide Michigan The intent of the Michigan Business Growth Fund Collateral Support Program is to participate with lenders to finance diversification projects when faced with borrowers whose projected cash flows are considered speculative by the lender. The mbgflpp will purchase a portion of a loan from the lender and offer a grace
Read MoreAreas Served: City of Saginaw The Saginaw County Revolving Loan Fund (RLF) is available for companies making new investment and creating jobs in Saginaw County. Funds may be used for working capital or fixed assets. Eligible businesses are manufacturing companies, high tech firms, or distributors. The program is administered by Saginaw Future and all applications
Read MoreAreas Served: City of Ann Arbor The Ann Arbor/Ypsilanti SmartZone through the Local Development Finance Authority and Ann Arbor SPARK have established the Ann Arbor Microloan Fund (the Fund). The mission of this fund is to support innovative, high-growth start-up companies in the city of Ann Arbor as they near commercial viability. The focus is
Read MoreAreas Served: Wayne County The Wayne County Urban Loan is a loan program for small businesses in Wayne County that provides wrap-around funding. Bank loans of 50% are supplemented by up to 40% from the Loan Fund ans at least 10% from the business. Funds are for; Fixed Assets to Expand, Modernization to Increase Competitiveness
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