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500 Griswold St STE 2200, Detroit, MI 48226, USA
Claim Resource Funding and Revolving Loans - DEGC
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Funding and Revolving Loans - DEGC
Revolving loan funds are pools of money used to makes loans for development and small business expansion.
A loan from a loan fund can serve as a bridge between the amount the borrower can borrow from a private lender, such as a bank, and the amount needed to start or expand a business or development project. Loan funds are usually established using money from both public and private sources. As loans are repaid to the loan fund, new loans can be issued to other businesses. The DEGC administers several different loan funds, as described below. Each loan fund has certain application and performance requirements.
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