Financing for Ignite Detroit graduates
You’ve put in the work. You’ve completed the Ignite Detroit program. Now it’s time to take your business to the next level.
The MWF Ignite Detroit Contractor Microloan is available exclusively to eligible Ignite Detroit graduates who are ready to take on larger projects, invest in equipment, hire employees, or manage cash flow between contracts.
Designed specifically for contractors, this affordable financing helps you grow your business—and rewards your success. Eligible borrowers who make on-time payments and meet program requirements may have the final portion of their loan repaid by MWF.
Loan Highlights
✔️ Up to $20,000 in financing
✔️ Flexible repayment terms of 2 or 3 years
✔️ Interest-only payments for the first 3 months
✔️ Eligible borrowers who successfully complete loan requirements may have the final portion of their loan repaid by MWF. (For 2-year loans, the final six months of principal and interest will be forgiven. For 3-year loans, the final 12 months of principal and interest will be forgiven.)
✔️ One-on-one support from our experienced lending team
Who Can Apply
This loan is available to eligible contractors who:
✔️ Graduated from the Ignite Detroit program
✔️ Have been in business for a minimum of 2 years
✔️ Are licensed and insured
✔️ Have active contracts or a strong pipeline of upcoming work
When reviewing applications, we look at the strength of your business — including contracts, cash flow, and growth potential — not just your credit score.
Help to Grow Your Business
Whether you’re preparing for your next big contract or expanding your capacity, this loan can help you:
✔️ Purchase equipment and tools
✔️ Buy materials and supplies
✔️ Cover payroll and operating expenses
✔️ Hire employees or subcontractors
✔️ Manage cash flow while waiting for contract payments
✔️ Position your business to pursue larger opportunities
Why an MWF microloan?
Getting approved for traditional financing isn’t always easy — even for businesses with solid contracts and strong potential.
As a statewide nonprofit lender and Community Development Financial Institution (CDFI), Michigan Women Forward takes a relationship-based approach to lending. We look beyond a single number to understand your business and help you access the capital you need to grow.
Ready for what’s next?
You’ve already invested in yourself through Ignite Detroit. Now let us invest in your next chapter.