Small to medium sized minority, women, or veteran owned businesses in Michigan can get financing from free grant as well as loan programs. Lenders, including banks, credit unions, government agencies, corporations and others provide funds to help them start or grow a business. Find interest free loan or free grant programs for MWBE and veteran owned businesses in Michigan.
The funds are aimed at helping women owned businesses, Black owned companies, Latino businesses, Asian, Veterans and other disadvantaged groups get the financing they need. There are also grants for Black women and other female businesses in Michigan. Each and every agency will have their own application process in place. Note that in general the funds go quickly, so it is recommended to apply as soon as possible. But new lenders, whether a bank, the federal government, private donors, etc. are always providing more money to the greater Michigan community.
There are grant as low cost (or interest free) loan programs in Detroit, Grand Rapids, Lansing, Ann Arbor and across the state. Find how, and where, to get loans or free grants for your business below. Or find how to get capital to start your company. A number of agencies provide financial assistance, guidance, and other resources for women as well as minority owned companies, BIPOC (Black, Indigenous, People of Color) or those seeking to start a business.
Find loans and free grants for minority or women businesses in Michigan
The list of financial assistance programs below will be updated daily. There are a number of loan programs well as well as grants available to help Black owned companies, Women businesses, LGBTQ, and other minority businesses. Find funds from a bank, credit union, corporation or other program below. MWBE businesses and other low income and/or disadvantaged companies in Michigan can get help.
January and February 2026
Meridian Township’s Downtown Development Authority Match on Main Street Grant program has applications available. Qualified applicant’s may be provided up to $25,000 to help them expand or relocate within the township’s downtown area. The details are at wilx.com/2026/01/28/grant-program-aims-support-meridian-township-businesses/.
Detroit area businesses may be able to get up to a $1,000 grant as part of the Detroit Small Business Technology Fund. The Rocket Community Fund as well as Detroit Economic Growth Corporation (DEGC) is opening applications for micro-businesses with 10 or less people with details on this page https://detroitmi.gov/departments/housing-and-revitalization-department/nonprofits-and-community-groups/economic-development
Kalamazoo Black Entrepreneurship Training Academy is launching its 2026 program. It will combine various resources ranging from grant money to mentorship, technical support and other aid. Sisters in Business Michigan is a major sponsor with more details on their website here https://www.sistersinbusinessmi.com/
December 2025
Michigan Economic Development Corporation’s (MEDC) Match on Main Grant will offer up to 25K grants. The money is for companies that focus on “redevelopment” as well as businesses on “Main Street”, so that have a physical location. The last focus is on underserved businesses (minorities, women, etc.), but either way a material amount of money is provided to help small businesses with details here https://www.miplace.org/small-business/match-on-main/
October and November 2025
Four $25,000 grants are available for creators from the Pitch Haus program. Creative Place Consulting, Studio M Detroit, and the Michigan Growth Office are overseeing the program. It is a formal fitch required with non-profits and for-profits both able to apply. Apply here https://www.makeshiftmichigan.com/
Flint and Genesee Small Business Support Hub is providing grant money ranging from $5,000 to $15,000. It depends on whether a start-up, “micro-businesses”, or existing small business among other factors. Some of the free funding is allocated to minorities, women, and veterans in the Flint MI area too – apply here. https://developflintandgenesee.org/small-business-hub-grant-program/
NeighborHUB grant program is now available in Detroit – for the 2026 applications. Michigan Economic Development Corporation and the Detroit Regional Chamber are partnering on it. The money is only for small businesses with 25 or few employees and apply here https://www.detroitchamber.com/neighborhub/
By Jon McNamara
