SBA Microloan Program – Michigan District Office

About This Program

The SBA Michigan District Office in Detroit supports small businesses through the Microloan Program, 7(a) loans, and 504 loans. SBA-approved intermediaries including Build Institute, Opportunity Resource Fund, and Detroit Development Fund provide microloans up to $50,000. Free counseling is available through SCORE Detroit and the Michigan SBDC.

Loans up to $50,000 through multiple SBA intermediaries; Detroit has several active microlenders

Key Details

• Loans up to $50,000 for working capital, inventory, and equipment
• SBA Michigan District Office located in Detroit
• Build Institute, Opportunity Resource Fund, and Detroit Development Fund are local microlenders
• Free counseling through SCORE Detroit and Michigan SBDC
• Contact: (313) 226-6075

How to Apply

Deadline: Rolling