MWF Capital Readiness Lab Detroit
- Time: Tuesdays, Nov. 3-Dec. 8, 2026 | 5:30-7:30 p.m.
- Location: Hybrid (Online and In-Person at the Marygrove Conservancy, Detroit)
Get Loan-Ready. Graduate with Funding.
Turn your business into one that’s ready for growth and capital. The Capital Readiness Lab, sponsored by The Kresge Foundation, is a six-week cohort designed to help Detroit entrepreneurs strengthen their business, understand their finances, and prepare for funding. Graduates who successfully complete the program will have first priority for an MWF Innovation in Lending loan, which includes either zero-percent financing or last-year forgiveness.
Program Details
Dates: Tuesdays, Nov. 3-Dec. 8, 2026
Time: 5:30-7:30 p.m.
Location: Hybrid (Online and In-Person)
Nov. 3: In-Person at Marygrove Conservancy
Nov. 10: Online via Zoom
Nov. 17: In-Person at Marygrove Conservancy
Nov. 24: Online via Zoom
Dec. 1: Online via Zoom
Dec. 8: In-Person at Marygrove Conservancy
Facilitated By: Michael Randall of MJ Business Consulting
Cohort Size: Limited to 15 participants
What You’ll Learn
Over six weeks, you’ll gain practical skills to help your business become both loan-ready and growth-ready, including:
- Building a stronger business plan
- Understanding financial statements
- Creating realistic financial projections
- Improving financial management habits
- Preparing loan application documents
- Understanding what lenders look for when making funding decisions
Graduate with Funding
Unlike many business training programs, the Capital Readiness Lab doesn’t end with a certificate.
Participants who successfully complete the cohort will be prepared to apply for an MWF Innovation in Lending loan designed to help entrepreneurs access affordable capital and invest in the next stage of their business.
Depending on eligibility, graduates may qualify for one of two loan options:
- Zero Percent Financing Loan – Affordable financing with 0% interest.
- Last Mile Forgiveness Loan – A loan that rewards on-time payments by forgiving a portion of the balance at the end of the loan term.
This means you’ll leave the program not only with the knowledge to grow but with the capital to help make it happen.
Who Should Apply?
The Capital Readiness Lab is ideal for entrepreneurs who have moved beyond the idea stage and are ready to grow.
This program is designed for businesses that:
- Have a proven product or service
- Are ready to strengthen their financial foundation
- Want to prepare for future growth
- Need affordable capital to take the next step
This cohort is limited to 15 businesses.
Ready to Grow?
If you’re ready to strengthen your business, become loan-ready, and access affordable funding, the Capital Readiness Lab can help you get there.
Applications are now open. Apply today and take the next step toward growing your business.
Sponsored By
