Can-Do Funding

All microloans for this round have been dispersed. Please stay tuned for future microloan opportunities.

Who qualifies?

Eligible applicants include new or existing small food business owners interested in opening, expanding or retaining a business. Each applicant must qualify as meeting all of the following objectives of the microloan program:

  • Food business owners that live and do business in Kalamazoo County
  • Low- and Moderate-Income Persons
  • Black-owned business, Indigenous-owned business, People of Color-owned business, Latinx-owned business, immigrant-owned business, refugee-owned business, LGBTQ-owned business, or business owners with physical and invisible disabilities
What are the amounts of the microloans?

Loan amounts may range from $1,000 to a maximum of $3,000.

What are the terms of the loan?
They are flexible terms of one 1 to 2 years with an interest rate of 4%.
What are the eligible uses of the funds?

The microloan funds can be used to:

  • Purchase small food production equipment
  • Purchase inventory
  • Obtain licensing
  • Purchase packaging & print labels
  • Receive branding & packaging consultation
  • Provide working capital
What if I’m worried about paying it back?
Our microloan program is designed to help you prepare for paying the loan back. We’ll look at your business plan, talk about cash flow, and help you make a plan for paying it off.
What if my credit score is low?
We can work with any credit score.
What if I don’t have a Social Security number?
A social security number is not required as long as you have another form of identification.
How do I apply or get more information?

All microloans for this round have been dispersed. Please stay tuned for future microloan opportunities.