Learn More about CDFI's and Small Business Resources in Michigan see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Bay Mills Housing Authority
CapFund New Markets LLC
Capital Fund Services, Inc.
Communicating Arts CU
Invest Detroit CDE
Little Traverse Bay Bands of Odawa Indians
Michigan Housing Trust Fund
Michigan Magnet Fund
Neighborhoods Inc. of Battle Creek
Northern Shores Loan Fund, Inc.
Port Huron CDE, LLC
Shorebank BIDCO, Inc.
Wayne County - Detroit CDE
Many women in business find that in order to meet their business' financial needs, they turn to searching out a loan source. Business loans for women are widely available through the Small Business A...
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.