Michigan Microlenders

Available on a limited basis, the Microloan program uses intermediaries rather than commercial lenders to provide loans up to $35,000 for the purchase of machinery and equipment, furniture and fixtures, inventory, supplies, and working capital. In Michigan, SBA’s Microloan program is available in four geographic locations. However, there may be other non-SBA microlending programs in your community so we recommend you consult with your local SCORE or MI-SBTDC counselors to find other resources.  For more information on SBA’s program please contact one of the following:

 
Microlenders in Michigan

Center for Empowerment and Economic Development
2002 Hogback Road, Suite 12
Ann Arbor, MI 48105
P (734) 677-1400/F (734) 677-1465
Covers Hillsdale, Jackson, Lenawee, Livingston, Macomb, Oakland, Washtenaw, and Wayne counties (excluding the city of Detroit).

Cornerstone Alliance
38 West Wall Street, P.O. Box 428
Benton Harbor, MI 49023-0428
P (269) 925-6100/F (269) 925-4471
http://www.cornerstonewbc.com
Covers Berrien, Cass, and Van Buren counties.

Northern Initiatives
Northern Michigan University
University Center, Suite 1104
1401 Presque Isle Avenue
Marquette, MI 49855
P (906) 228-5571/F (906) 228-5572
Covers the Upper Peninsula and the following counties:  Alcona, Alpena, Arenac, Cheboygan, Clare, Emmet, Gladwin, Iosco, Isabella, Lake, Mason, Mecosta, Montmorency, Newaygo, Oceana, Ogemaw, Osceola, Oscoda, and Presque Isle.

Rural Michigan Intermediary Relending Program
121 E. Front Street, Suite 201
Traverse City, MI 49684
P (231) 941-5858/F (231) 941-4616
E-mail sspencer@speedconnect.com
Covers  Antrim, Benzie, Charlevoix, Crawford, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, Roscommon, and Wexford counties.

The Small Business Detroit Microloan Program CEED
Wayne County Community College District - Northwest Campus
Academic Admin. Bldg., Room 221
8200 W. Outer Drive
Detroit, MI 48219
P (313) 255-1020
www.miceed.org/detroit.htm
Covers City of Detroit

Michigan Content Comments to: michigan@sba.gov
*Last Updated: 9-30-2009