Small Business
Financial Resources
Which financial resource is right for me?
There are several types of funding options available to meet your small and medium business's needs. Each type has specific characteristics that are important to understand. Multiple funding types may be suitable for you.
Disclaimer: the recommendations are not exhaustive and do NOT guarantee approval.
Get additional assistance by filling out our request form here or contact us at our call center directly 844-333-8249.
Crowdfunding
Crowdfunding may be right for your business if the business has a large, supportive network willing to contribute to its success.
Grants
Grants are typically a no regret funding option, especially for businesses that are struggling financially, as the money does not need to be paid back.
Investment
Investors provide capital for a business usually in exchange for convertible debt or ownership equity.
Loans
Loans allow a business the flexibility to cover their expenses or make necessary investments, while paying back the money over time, typically with some interest.
Narrow your search
MICHIGAN GOOD FOOD FUND BUSINESS PITCH EVENT
Michigan Good Food Fund is looking for local businesses that help build healthier communities and contribute to a more connected, equitable, and sustainable food economy. If your food business makes products using locally sourced ingredients, has the potential to create jobs in your community, and considers environmental best practices in your business—apply now! Women and people of color-led businesses are strongly encouraged to apply.
Three food businesses will be chosen to pitch live at the MSU Product Center’s Making it in Michigan event for a chance to win up to $5,000 towards your business.
Eligibility:
Michigan-based packaged foods makers can apply to participate in the pitch event March 5 – 26, 2025. Complete the online application and submit a 60-90 second video of your pitch.
Terms:
The application will be open from March 5 - 26, 2025. No late entries will be permitted.
Video submissions will be reviewed by a judging committee of professionals from the food and financing industry.
To qualify, applicants must complete two steps - 1) submit the online application and 2) provide a video recording.
Those who have applied but were not finalists in previous years may apply in 2025.
Videos will be scored on the following:
Meeting the mission of the Michigan Good Food Fund.
Including mention of the why the business is needed, who buys the product, competitive advantage, financials, entrepreneur’s background, and how the award will be used.
The business’ impact on building healthy and resilient communities.
How the funds will be used.
By April 11, three entrepreneurs will be selected to pitch live on May 6.
Funding for the awards is sponsored by Lake Trust Credit Union and the Fair Food Network, and will be provided by event organizer, MSU Center for Regional Food Systems.
Max Amount:
$5,000 for 1st place, $3,000 for 2nd place, $2,000 for 3rd place
Program deadline:
Application deadline:
March 26, 2025 by 5 PM
Learn More
Entreprenista Evolve Grant
Offered by Entreprenista, a community for women founders offering the support, resources, and connections to help you achieve real business growth and success. The Evolve Grant aims to provide capital to empower founders, amplify their impact, and accelerate growth.
Eligibility:
Must be 18 years or older
Open to US-based entrepreneurs
Apply by April 5, 2025
Terms:
Max Amount:
$2,500
Program deadline:
Application deadline:
April 5, 2025