Detroit Loan Program

The Detroit Loan Program has provided $1.3 Million in loans to 48 existing businesses and 27 start-ups – creating 71 jobs and retaining 105 more.

To support small businesses and encourage small business development, the City of Detroit wanted to offer a lending program for Detroit-based businesses, We were the first microloan program in Detroit, selected by the Mayor’s Office of Neighborhood and Commercial Revitalization as the official City of Detroit microloan program in 2006.

Citizens Bank, formerly known as Charter One Bank, provided key funding and support to launch the program.

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CEED Lending      Citizens Bank

Testimonials

"I believe in what the GLWBC stands for. I have worked with small business for over 20 years and enjoy helping the community by empowering these small businesses that drive our economy."

Jackie Woodstock
SBA Sales Specialist
Michigan & Ohio, Citizens Bank

"I love working with and volunteering for the Great Lakes WBC, because I value and admire what the organization does for Women Business Enterprises. Great Lakes WBC passion to see both their constituents and Corporate members succeed is praiseworthy. I appreciate the opportunity that Great Lakes WBC has given me to connect and partner with such amazing women."

Tammi Hart
Purchasing Manager
Federal Mogul Corporation

Loan Application

Download the application package to start the process

Loan Orientations

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