Business loans of up to $250,000 with competitive interest rates.
Complete our streamlined application process to get matched with nonprofit small business lenders. Take your next big step with mission-aligned partners committed to helping make sure Detroit small businesses thrive. Visit below for additional support resources.
Get matched with small business lenders in minutes
Capital
Detroit Capital Hub is:
- A public private partnership by the Detroit Economic Growth Corporation and City of Detroit to connect entrepreneurs with community-based small business lenders.
- A matching program that introduces small businesses to the lender best able to serve them.
- A connection to free small business support resources.
Small business loans designed with business owners in mind.
Competitive Loan Terms
- Loan amounts from $1,000 to $250,000
- Monthly principal and interest payments
- Interest rates will range from 8% to 15% and will be set by the lender.
- Competitive Rates depending on loan size and credit quality
- Origination fees will range from 0% to 5% and will be set by the lender
Eligibility Requirements
- Be located in the city of Detroit
- Ability to repay the loan through documented business cash flow
- Not be engaged in lending, speculation, pyramid sales, gambling, tobacco, cannabis, adult entertainment, firearms, or any industry prohibited by federal law
Eligible Uses
- Equipment
- Payroll
- Utilities and rent
- Supplies
- Marketing and advertising
- Owner-occupied real estate
- Other expenses
What you'll need
- Loan Amount Request and Use of Funds
- Business and Personal Contact Information
- Business and Personal Financial Information
- Authorization for credit and background review (no impact to credit score)
- Bank Statement Information
- Business and Personal Federal Tax Returns, including all schedules
Our Lending Partners
Our nonprofit lenders have decades of experience working with small businesses, including those in communities with historical barriers to financial services. They’re available with careful guidance, support and knowledge, and they’re invested in your long-term success.
Lenders
Business Resources
If you're not matched with a lender at this time, or if you are looking for additional business support, our network of free or low-cost resources in Detroit are available to you.
Small Business Starting Points
Access to Capital
- Detroit Economic Growth Corporation
- Michigan Black Business Alliance Capital Connect Program
- Black Leaders Detroit Funding
Advising and Training
- Build Institute Training
- Goldman Sachs 10K Small Business Program
- Detroit Hispanic Development Corporation Small Business Coaching
- Accounting Aid Society
- TechTown HR, payroll, and operations support
Additional Resources
Philanthropic Partners
This platform was built thanks to generous donations from philanthropic partners.
Disclaimer
Detroit Capital Hub is a referral platform intended to connect small business owners with nonprofit lenders who may be able to provide assistance. Submission of an application and/or being matched with a lender does not constitute an offer, commitment, or guarantee of credit. Loan approval, funding, terms, and conditions are made solely at the discretion of the participating lender, based on its independent review of information provided by the applicant and other relevant sources. Applicants may be required to provide additional documentation or information as part of the lender’s underwriting process. All rates, terms, and loan products are subject to change without notice. Detroit Capital Hub does not make lending decisions and is not liable for any actions or decisions made by participating lenders.