A Microloan Can Make A Big Impact.
Michigan Women Forward’s Microloan Fund provides entrepreneurs with access to capital in the form of microloans between $2,500 and $50,000 in size.
The purpose of the fund is to support the growth and development of Michigan entrepreneurs and businesses, with an emphasis on empowering women entrepreneurs and entrepreneurs of color. Our goal is to create a dedicated source of capital for Michigan entrepreneurs who, for a variety of reasons, do not have access to traditional sources of capital.
Michigan Women Forward targets small businesses needing capital to spark initial business moves or drive new strategic change in their business. Our hope is that we can provide these businesses with the capital they need to grow efficiently and effectively, and ultimately be prepared to secure funding from more traditional sources of capital.
Through our relationships and efforts with various financial institutions like Huntington and Fifth Third Bank as well as other organizations such as ProsperUS and Build Institute, we are able to provide entrepreneurs with the capital needed to fund their desired projects while also giving them resources and connections to develop their business from a strategic sense.