Micro loans becoming very popular

Posted by Skip Simms on September 4, 2009 · Leave a Comment 

Six months ago there was no such thing as a loan for a pre-revenue, innovative start-up company.  Today, if you are in Washtenaw county there are three sources for loans.  There has been a lot of press about these micro loans the past few weeks.  Expect a lot more.  We have made four loans to companies around the state through the Michigan Pre-Seed Capital Fund program totalling $137,500 in just three months.  Applicants for the Ann Arbor and... [Read More...]

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Pre-Seed Fund Makes 3 More Investments

Posted by Skip Simms on February 16, 2009 · Leave a Comment 

3 start-ups receive $680,000 from state fund The Michigan Pre-Seed Capital Fund has made three more investments. They are: Creative Byline of Holland SenSound in Detroit Biotectix in Ann Arbor These investments are 29, 30 and 31 for the fund. It’s pretty impressive this little fund can make 31 investments in two years. Yes there is still capital that can be deployed. More than $1million. There are currently 7 companies under review. Demand... [Read More...]

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