Impact Investing Group is a University of Michigan-run 501(c)(3) nonprofit that seeks to provide flexible business loans to Detroit-based small business owners and entrepreneurs.
Loans will be a range from $3000 to $5,000 at a 4-5% interest rate for a 3 year repayment term. Before you can receive a loan, a team will examine your business during a 3 month review process. We will NOT ask for credit or collateral and can offer flexible financing opportunities.
If your business passes this stage and is awarded the nonprofit loan, the funds will be disbursed to you in January 2023. Your business will also be available to register for our free consulting services.
All information in this application will remain confidential.
Apply by September 2nd at 11:59 PM EST. You will hear back from us shortly after this deadline with our decision about next steps.
If you have any questions, concerns, or need support with completing the application, please contact email@example.com