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FUND

CAPITAL TO HELP YOUR BUSINESS GROW

NO INTEREST LOAN PROGRAM

An equitable financial solution to help your small business.

Preliminary Loan Requirements:
● A for-profit business located in the city of Detroit
● Registered with the state of Michigan (LARA) and have a federal EIN number 
● Must be majority Black-owned 
● Established for at least one year

Note: We use Lenderfit application software. Communications regarding your application may originate from our Lenderfit email address.

Questions? Contact: Kevin Taylor - Kevin@blackleadersdetroit.org

Cycle Two application window closed. Cycle Three opens July 1st.

Application and Disbursement Schedule:

Cycle One

Jan. 1 - Jan. 31: Application Window
Feb. 1 - Feb. 28: Screening
Mar. 1 - Mar. 31:  Approval
Apr. 15: Cycle One Loans Issued

 

Cycle Two

Apr. 1 - Apr. 30: Application Window
May 1 - May 31: Screening
Jun. 1 - Jun. 30: Approval
Jul. 15: Cycle Two Loans Issued

 

Cycle Three

Jul. 1 - Jul. 31: Application Window
Aug. 1 - Aug. 31: Screening
Sep. 1 - Sep. 30: Approval
Nov. 15: Cycle Three Loans Issued

 

Cycle Four

Oct. 1 - Oct. 31: Application Window
Nov. 1 - Nov. 30: Screening
Dec. 1 - Dec. 31: Approval
Jan. 15, 2023: Cycle Four Loans Issued