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MI
Michigan Loan Participation Program (Restaurants)
MEDC participates alongside a private lender in providing loans to restaurant and food service businesses, improving access to capital for businesses that may not fully qualify for conventional financing.
About this program
Visit the program website for full details.
Eligibility
Michigan-based for-profit restaurant and food service businesses seeking commercial loans through a participating private lender. Part of the SSBCI 2.0 program suite.
Requirements
- Must be a Michigan-based for-profit business
- Must work through a participating private lender
- Business must demonstrate need and viability