Areas Served: Leelanau County The Leelanau County, Michigan EDC seeks to increase the diversification of the existing economic base by providing employers with loans for business start-ups and expansions and assist with the development of new facilities. Eligibility: Available funds will be lent out primarily, but not exclusively, to manufacturing companies, commercial businesses and tourism
Read MoreAreas Served: Greater Downtown including Corktown, Downtown, Eastern Market, Midtown, New Center and Riverfront. The Detroit Urban Retail Loan Fund (URLF) is a revolving loan program intended to stimulate economic growth and support for residential and neighborhood development in Detroit’s Greater Downtown area by providing loans to small- and medium-sized retail, service, and storefront businesses.
Read MoreAreas Served: Statewide Michigan The Small Business Capital Access Program (SBCAP) gives banks a flexible tool to make business loans to small firms, encouraging traditional lending to the small companies that are so vital to Michigan’s economic health. The Michigan Economic Development Corporation contributes a small amount of gap financing to provide Michigan businesses access
Read MoreAreas Served: Downtown Port Huron The Blue Water Community Development Fund offers a below market loan fund focused on the development of downtown Port Huron, Michigan. Contact InformationEDA St. Clair County, MichiganAddress: 735 Erie Street, Suite 250City: Port HuronState: Michigan Website: http://www.edascc.com/local-business-support
Read MoreAreas Served: Detroit, Hamtramck, Highland Park, Ecorse, River Rouge, Pontiac, and Lincoln Park The The Dm-ef Core Loan provides micro-loans to start-up and established small businesses who lack access to traditional financial sources in; Detroit, Hamtramck, Highland Park, Ecorse, River Rouge, Pontiac, and Lincoln Park. Loans up to $10,000 for Start-ups and up to $35,000
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