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MI
Grow Michigan II
Provides subordinated mezzanine debt to profitable Michigan small and middle-market businesses pursuing growth or transition.
About this program
Grow Michigan II is a Michigan Strategic Fund-supported mezzanine debt program capitalized by Michigan banking partners and MSF to provide attractively priced growth capital to small and middle-market businesses. Typical loans range from $250,000 to $5 million and are targeted to profitable companies with positive EBITDA that need flexible financing for growth, acquisition, ownership transition, or expansion.
Eligibility
Eligible applicants are profitable Michigan small or middle-market businesses seeking growth or transition capital, generally with positive EBITDA and meaningful revenue scale.
Requirements
- Business must be a small or middle-market company seeking growth or transition capital.
- Business should generally have positive EBITDA.
- Typical loan size is between $250,000 and $5 million.