Contact Michigan Women’s Foundation
- Address
- 1155 Brewery Park Blvd., Suite 350 Detroit, MI 48207
- Phone
- 313-962-1920
- Website
- miwf.org
- [email protected]
Where they lend
Michigan Women’s Foundation is an SBA-approved microloan intermediary serving Michigan.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Michigan Women’s Foundation, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Michigan Women’s Foundation will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
