About Michigan Microloan Fund Program
Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK represents all communities in the Washtenaw County. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Michigan Works!/ETCS, Washtenaw County, the City of Ann Arbor, the Bank of Ann Arbor and the Michigan Economic Development Corporation.
Michigan Microloan Fund Program Headquarter Location
301 East Liberty Street
Ann Arbor, Michigan, 48104-2283,
Latest Michigan Microloan Fund Program News
Jan 16, 2013
Reprints The Michigan Microloan Fund Program announced last week that it has awarded a combined $156,000 in funding to four Michigan startups. The early-stage companies received the microloans to support their commercialization efforts. “The microloans are important because they give the companies an opportunity to grow and move into the entrepreneurial ecosystem,” says Joe Locavalli, who manages the microloan program for Ann Arbor SPARK . “The funds are provided by the 21st Century Jobs Fund ; being exposed to the Michigan Economic Development Corporation is a great advantage because it allows the companies to meet and greet other organizations.” The companies that received microloan support are: Crowdjuice : The Ann Arbor-based company has developed Web-based and mobile software that allows attendees of professional events to find each other and network online. Sentry Medical Technologies: Located in Ann Arbor, Sentry Medical Technologies is commercializing a device to monitor patient behavior and log the data collected. Supported Intelligence : This East Lansing-based startup has developed what it calls a Rapid Recursive Toolbox, which provides advanced analytics for investment modeling, valuation, financial modeling, risk assessment, and decision optimization. Zon Labs : Zon Labs, based in East Lansing, has created a multiplayer, online video game that helps people learn Chinese language and culture. The Michigan Microloan Fund Program is comprised of three distinct microloan funds: The Eastern Washtenaw Microloan Fund, the Michigan Pre-Seed Capital Fund, and the City of Ann Arbor through funding from the Ann Arbor/Ypsilanti Local LDFA. The Michigan Microloan Fund Program loans range from $10,000 to $50,000 and are awarded quarterly. To qualify, companies must be a small business, have ownership or license to innovative technology, and be privately held. To date, the Michigan Microloan Fund Program has loaned more than $3.2 million. Sarah Schmid is the editor of Xconomy Detroit/Ann Arbor. You can reach her at 313-570-9823 or email@example.com. Follow @XconomyDET_AA