Basic 7(a) Loan Program
Link: Basic 7(a) Loan Program Webpage
| Gives 7(a) loans to eligible borrowers for starting, acquiring, and expanding a small businesses |
Certified Development Company (CDC)
Link: Certified Development Company (CDC) Webpage
| The 504 Loan Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and building. |
Disaster Loans
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Link: Disaster Loans Webpage
| Disaster Loans provide financial assistance to victims of disasters or to individuals in a declared disaster area. |
Export Assistance Loans
Link: Export Assistance Loans Webpage
| Export Assistance Loans provide exporters and lenders with a streamlined method of obtaining financing for loans and lines of credit up to $500,000. Lenders use their own credit decision process and loan documentation exporters get access to their funds faster. |
Guide to Starting & Operating a Small Business
Link: Guide to Starting and Operating a Small Business (PDF)
| Michigan's SBDC publishes a Guide to Starting and Operating a Small Business. Information included in this guide is both general and Michigan-specific: steps for starting a business; forms of business organization; elements of a business plan; federal, state and local tax obligations; management, hiring, marketing and more. This guide is a quick reference designed to assist in the process of starting and operating a business in Michigan. |
Microloan Program
| The Microloan Program offers very small loans to start-up, newly established, or growing small business concerns. The SBA makes funds available to nonprofit community-based lenders which, in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000. |
U.S. Small Business Administration (SBA)
Link: U.S. Small Business Administration Website
| The SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. Below you will find a few of the SBA loan programs.
If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. |
Veterans Business Outreach Program (VBOP)
Link: Veterans Business Outreach Program Webpage
| The Veterans Business Outreach Program is designed to provide entrepreneurial development services such as business training, counseling and mentoring, and referrals for eligible veterans owning or considering starting a small business. The SBA has 16 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC). |
