Areas Served: Alpena County The Revolving Loan Program covers $30,000 – $50,000. This program is only available to businesses in Alpena County, Michigan. The funds must be used to create or retain at least one job for every $10,000 borrowed, and the borrower must be able to acquire at least two-thirds of their total financing
Read MoreAreas Served: City of Lansing The Lansing Economic Development Corporation (LEDC) Business Financing Assistance Program (BFAP) is intended to stimulate business development and create positive economic benefits in the City of Lansing. Examples of positive benefits include: Rehabilitation or redevelopment of existing properties including environmental remediation and elimination of blight Creation of jobs Leverage and
Read MoreAreas Served: Albion The Albion Economic Development Corporation’s Revolving Loan Fund (RLF) is designed to be a “lender of last resort” and form of alternative financing for development projects by businesses in the Albion, Michigan community. Any business is eligible to apply for a loan and all applications are subject to approval by the EDC/TIFA
Read MoreAreas Served: Benzie, Grand Traverse, Kalkaska, Leelanau, Manistee, and Wexford counties The purpose of the Revolving Loan Fund is to assist economic development in the area served by Cherryland Electric Cooperative, including; Benzie, Grand Traverse, Kalkaska, Leelanau, Manistee, and Wexford counties in Michigan. This will be done by focusing on the creation and retention of
Read MoreAreas Served: Washtenaw County The Eastern Washtenaw MicroLoan Fund objective is to assist existing and start-up small businesses who cannot obtain conventional financing. The Microloans can go up to $50,000. Many small businesses know the difficulty of obtaining financing from conventional sources, due to lack of capital, no credit, and insufficient collateral. While entrepreneurs, especially
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