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Michigan Awarded Small Business Support Funding

May 27, 2022

Michigan has been approved for up to $236 million in State Small Business Credit Initiative (SSBCI) Funding from the U.S. Department of Treasury, one of only five states to receive funding through this round of awards. The funding is designed to increase the availability of capital to small businesses through loans and equity investments that would otherwise not be available in the market through conventional terms. The program requires partnership with private sector lenders, equity investors, and technical assistance providers.

The Michigan Strategic Fund is expected to receive the first round of SSBCI funding, approximately $72 million, in the next 30 to 60 days. For more information, please click here.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

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