Many small businesses know the difficulty of obtaining financing from conventional sources, due to lack of capital,no credit, and insufficient collateral. While entrepreneurs, especially women and minorities, may demonstrate the ability to operate successfully, their lack of access to traditional financing requires alternative sources of financing. Thus, CEED's microloan program will remove these barriers and provide access to needed funds. As one of the first micro lenders in the country since1984, we provide more than capital assistance CEED provides the tools and resources to build and maintain a successful business. CEED has worked with every type of conceivable business and provided them with mentoring, education, and contract opportunities; which empower business owners to achieve their goals.
Individual Development Accounts are matched savings accounts that can help you go back to school to get a degree/technical certificate, purchase a home or start/expand a small business. Participants open accounts at participating financial institutions in order to save a maximum of $1,000 and CAA will match that savings $3 for every $1 saved for home ownership (you save $1,000, CAA gives you $3,000) or $2 for every $1 saved for education or small business (you save $1,000, CAA gives you $2,000) to be used on an approved purchase. Participants must be in the program and save each month a minimum of $20 for a minimum of 6 months.
Local business incentives and available financial programs.
Facade Improvement Program
Midtown Association Paint Program
Brownfield Redevelopment
310 W. Bacon Street
Hillsdale, MI 49242
Phone (517) 437-0990
E: info@espotmi.org
