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Find similar grantsSSBCI 2.0 Michigan Small Business Venture Capital Program (SBVCP) is sponsored by Michigan Economic Development Corporation (MEDC). Provides up to $75 million to increase the availability of capital to early-stage, technology-based businesses in Michigan.
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Michigan Grants First Round of Small Business Credit Initiative - Michigan House Democrats Michigan Grants First Round of Small Business Credit Initiative Michigan Grants First Round of Small Business Credit Initiative Michigan is deploying the first round of the State Small Business Credit Initiative 2. 0 (SSBCI 2. 0) funding from the U.S. Department of Treasury.
Through this initial round of funding, up to $72 million will be available to support loans to small businesses through the Michigan Economic Development Corporation’s Access to Capital Programs. SSBCI 2. 0 is designed to increase the availability of capital to small businesses through loans and equity investments.
The programs are designed to allow private sector lenders to provide loans to small businesses that would otherwise not be available under conventional terms. The program requires partnership with private sector lenders, which in turn provide the new lending including through SSBCI 2. 0 support.
Within the next 60 days, funding also will be available for loans of $250,000 or less for small businesses, with a focus on businesses owned by socially and economically disadvantaged individuals, or businesses with fewer than ten employees, to apply for through specified lenders. 2022-09-19T10:37:39-04:00 September 19, 2022 |
According to the current listing, eligibility includes: Early-stage, technology-based businesses in Michigan. Confirm the full requirements in the official notice before applying.
SSBCI 2.0 Michigan Small Business Venture Capital Program (SBVCP) is funded by Michigan Economic Development Corporation (MEDC). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Michigan. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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