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MEDC's Capital Access Program helps small business throughout Michigan receive small business loans from banks and lending institutions to help grow and succeed.
Funding Resources for Small to Medium-Size Businesses. Access to Capital. MEDC Capital Access is made up of several programs that can help small business throughout Michigan receive loans from banks and lending institutions to help their businesses grow and succeed.
The Capital Access Program supports Michigan's small businesses by working directly with lending institutions who in turn provide traditional financing and access to capital to small businesses. Learn More.
MEDC has announced the second round of low-interest loans awarded through the Michigan Small Business Relief Program. MEDC worked with 15 local EDOs to award a total of 145 small businesses $10 million dollars in loans, which provide relief for businesses negatively impacted by the COVID-19 crisis.
Capital Access is made up of several programs that can help small business throughout Michigan receive loans from banks and lending institutions to help their businesses grow and succeed. MEDC works directly with lenders who in turn can provide traditional financing to small businesses.
Micro and small business loans ranging from $5,000 to $250,000 are available to Michigan small businesses in 13 counties, with an emphasis on businesses located in economically disadvantaged areas. For more information, contact mrankins@metroflint.org.
To date, more than 130 small business loans totaling more than $8 million have also been approved. The Michigan Small Business Restart Program will support the needs of Michigan Businesses directly impacted by COVID-19.
Approved by the Michigan Strategic Fund on Jan. 14, the Michigan Small Business Survival Grant Program provides support to Michigan small businesses to meet the urgent need of businesses that experienced a significant financial hardship due to COVID-19 emergency “gatherings and face mask orders.”
LANSING, Mich. – Michigan’s small businesses impacted by the COVID-19 virus can now apply for grants and loans through the Michigan Small Business Relief Program, the Michigan Economic Development Corporation announced today.
borrowers to be used to provide low-interest loans with flexible repayment terms to support certain small businesses statewide that have realized a significant financial hardship as a result of the COVID-19 outbreak.