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Getting The Capital Resources Your Small Business Needs

Last week Governor Gretchen Whitmer, Lt. Governor Garlin Gilchrist II, and  the Department of Labor and Economic Opportunity, hosted a virtual Small Business Summit. The Summit provided an opportunity to hear from over 350 attendees—economic development officials, business owners, lenders and community organizations, who came together to make sure the voices of small business owners are heard.

The key takeaway was the need for increased opportunities and access to capital for small businesses; and when it comes to funding, every business has its own unique set of challenges. In fact, a survey by the New Economy Initiative found that “77% of businesses in Southeast Michigan said that capital was their biggest need.”

Here at Detroit Means Business, we understand that access to capital is essential for a business to survive and thrive, and we’re here to help you do just that.

We’ll Provide Financial Resources

We can assist your small business with finding the loan, grant, or crowd-funding option that’s right for you. We’ll help you understand the various funding types available, how to access them, and how to invest your money wisely. You can get direct assistance by filling out the request form on our homepage or by contacting us at our call center directly at 844-333-8249.

We’ll Guide You Along the Way

Once the funding process has begun, we’ll guide you along your path to success with one-on-one coaching, virtual legal clinics, and support consulting through our growing list of community partners.

Our Toolkits Will Point You In The Right Direction

Beyond our expert guidance, we have specialized toolkits that can help you manage your finances. These toolkits will give you a better understanding of which loans and grants are available to you, how to maximize your loan forgiveness, understand your cash flow, and improve your capital gains.

You’ll Stay Up to Date With Our Alerts

We’re always just a phone call or email away! Your feedback will influence future city programming and services and Detroit Means Business is leading the charge to make sure you stay informed and your voices are heard. When new funding-related opportunities, webinars, resources, and tools become available, you’ll be the first to hear about them with our email and text alerts, to sign up visit our homepage.

Our Virtual Events Will Motivate You

We host virtual events that will motivate and inspire you to continue growing your small business exponentially. Your feedback helps drive fresh topics each month, like our upcoming “How to Manage Your Bag” event in July, focused on helping to improve capital management skills.

Our District Business Liaisons Will Guide You

Did you know that Detroit Means Business has dedicated business liaisons in each district of Detroit? Our District Business Liaisons (DBLs) are in tune with the issues directly affecting each neighborhood in their district, and can help you navigate the capital resources that are specific to your business location.

Small businesses are the backbone of Detroit’s economy, and we’re committed to providing each of you with access to the essential tools you need to succeed. Your business may be independent, but you’ll never be on your own with Detroit Means Business on your team.

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