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Small Business Loan Eligibility

Loan applicants must meet the following requirements:

Business must be in one of the following Michigan counties Hillsdale, Jackson, Lenawee, Livingston, Macomb, Monroe, Oakland, Washtenaw, or Wayne. 

Submit a completed loan application and supporting documents

• Businesses in operation less than one year must submit a business plan.

• Businesses in operation for more than one year submit an expansion plan.

• Demonstrate the inability to obtain credit (financing) from traditional lending sources.

• Be current on all federal debt including student loans, child support, and taxes.

• Submit a $75.00 non-refundable application fee.

Click on Loan Applications If you have questions or need assistance with the application process, contact a Loan Officer by calling 734-677-1400. You are also encouraged to attend loan orientations provided by CEED Lending.