Revolving Loan Fund
The Revolving Loan Program was created by a USDA grant and generous donations from Mackinac County banks and businesses. The program is based on job creation and is designed to help businesses expand in Mackinac County.
Our loan fund covers between $2,000-$16,000, and one job must be created or retained for each loan granted. A loan above $10,000 must create or retain 2 jobs.
If you would like to apply, Application Packages must include:
- This Commercial Loan Application
- This Personal Financial Statement
- An SBDC approved business plan, following this format
- Company financial statements
The Michigan Small Business Development Center (SBDC) enhances Michigan’s economic well-being by providing counseling, training, secondary market research for new ventures, existing small businesses and advanced technology companies. SDBC offers no-cost assistance in everything from writing a business plan to finding ways to finance your startup to expanding your business into international markets.