Michigan Small Business LoansRSS

Find Michigan revolving small business loan programs made available by economic development agencies, local government, state programs to create jobs and build communities.  Just a few examples of the Michigan small business loan programs on this site include:

Local Sources

  • The Target Alpena Micro Revolving Loan Program covers loans from $10,000 - $30,000.
  • 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.
  • Northern Initiatives loan program has the funding necessary to assist small businesses get started, grow and provide jobs in rural communities in Michigan.
  • The Opportunity Resource Fund provides loans to spur economic development in Michigan communities. Loans are generally $10,000 to $200,000 with terms up to six years. 
  • Northern Shores Loan Fund, Inc. is a nonprofit corporation established to assist entrepreneurs of Northern Michigan with education, training, business incubation and access to capital that fosters economic development for the Northern Michigan community. 
  • 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 Saginaw County Revolving Loan Fund (RLF) is available for companies making new investment and creating jobs in Saginaw County. 
  • The purpose of the East Michigan Council Of Governments USDA Intermediary Relending Program is to alleviate poverty and increase economic activity and employment in certain rural Michigan Counties.
  • Clare County Community Development offers a revolving loan fund for businesses in Clare County, Michigan up to $30,000.

Federal Sources The Small Business Administration (SBA) and USDA Rural Development also provide loan guarantee programs for Michigan entrepreneurs who need additional assistance in qualifying for bank financing.