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
Green Grocer Program
The overarching goal of the Green Grocer Program is to have more fresh and healthy food available at retail food locations in Detroit. In addition to the continued support of larger traditional full-service grocery stores, this phase of GGP will emphasize attraction efforts to create walkable neighborhood grocery shopping options through new smaller-scale fully operational neighborhood grocery stores, existing convenience stores willing to include grocery essentials, fresh meat and produce, and innovative hybrid food locations, all of which have fresh healthy food options
Eligibility:
The following section provides minimum requirements that businesses must meet to participate in the Green Grocer Program. To be eligible for assistance, the business must be:
- A registered for-profit business in good standing with the State of Michigan and the City of Detroit (including appropriate business and blight clearances), with a business address located within the City of Detroit.
STORE ELIGIBILITY REQUIREMENTS
- Small format specialty stores (1,500 – 5,000 sq. ft.) increase groceries and fresh foods to over 15% of selling space.
- Mixed market community stores (3,000 – 15,000 sq. ft.) increase fresh produce, meat, dairy, specialty, organic or other alternatively sourced product.
- New Construction (over 10,000 sq. ft) with fresh produce, meat, and dairy.
- Alternative format stores with preponderance of fresh food.
Terms:
Max Amount:
Program deadline:
Until funds run out
Application deadline:
Learn More
Detroit Legacy Business Project
The Detroit Legacy Business Project offers grants to Detroit businesses that have operated in the city for 30 years or more to support eligible improvement projects. Grants range from $2,500 to $50,000 per round.
Eligibility:
Detroit-based business for 30+ years
Terms:
Max Amount:
$50,000
Program deadline:
Application deadline:
Applications close on Monday, Feb. 9