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Small Business Detroit Microloan Print E-mail

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ORIENTATION SCHEDULE
(click to view orientation schedule)

 

Click Here to Download the Small Business Detroit MicroLoan Application

Click Here to Download the PersonaL Financial Statement

 

To learn more about the Entrepreneur Roundtable Series held in Detroit, click here


Small Business Detroit MicroLoan Program

The Small Business Detroit MicroLoan Program  (SBDMP)  was created through a partnership between
the City of Detroit’s Mayor’s Office of Neighborhood and Commercial Revitalization (ONCR) and the
Center for Empowerment & Economic Development (CEED).   The purpose is to provide business
start-up and expansion financing to those businesses in Detroit that cannot obtain traditional financing.

May 05, 2006, the city of  Detroit announced the Small Business Detroit MicroLoan Program will be
handled by the Mayor’s Office of Neighborhood and Commercial Revitalization (ONCR). Upon meeting the
criteria and requirements,  the Center for Empowerment and Economic Development (CEED) was selected
to administer Detroit’s MicroLoan Program.

 

CEED is the leader in the proficiency of microloans; making microloans since its inception in 1984.

"CEED presents Detroit with the best opportunity for success with the microloan program,” said
Marja Winters, ONCR Director. “During its 25 years, CEED has issued more than 350 microloans
totaling $3 million.“The ONCR’s Advisory Board is confident in its decision to select CEED for Detroit
because it brings more thantwo decades of experience in creating and issuing microloans,”
Winters said. “We are pleased at CEED’s track record of success and commitment to supporting
and assisting women and minority businesses.”

The Small Business Detroit MicroLoan Program is funded through the Casino Business
Development Fund created under the temporary casino agreements. One-and-a-half million of the
funds are  designated to assist first-time entrepreneurs and other underserved populations with
start-up or expansion of small businesses. The Small Business Detroit MicroLoan Program will
offer microloans ranging from $5,000 to $50,000.

 

For additional information, contact the Small Business Detroit MicroLoan Loan Officer, This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
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