Michigan Women Forward (MWF) unveiled the Michigan Entrepreneur Resilience Fund to support small businesses from underserved communities across Michigan. The announcements states:
With the generous support of MEDC, NEI, Michigan-based foundations, corporate partners, individual donors, and in collaboration with the SBA, the Michigan Entrepreneur Resilience Fund has secured funds to provide recovery grants and loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan. This fund is intended to assist geographically and demographically disadvantaged individuals.
The Michigan Entrepreneur Resilience Fund will provide two primary avenues of funding:
- Grants: $1,000 – $5,000 grants to assist with reopening or pivoting your business.
- Microloans: $5,000 – $10,000 loans with a 1-3 year repayment period. Loans are fixed rate (8%), fully amortizing, term loans.
Click here to learn more and apply.