APACC and CEED Lending are proud to announce that starting in January 2016, any APACC member (in good standing) with a business headquarted in Wayne, Oakland, Washtenaw, Lenawee, Macomb, Hillsdale, Jackson, Livingston or Monroe counties could be eligible for a loan up to $50,000.
Other criteria’s include:
- Any good standing APACC member and needs to be up-to-date on membership dues (Does not have to be Asian-American, female business owners or certified MBE/WBEs)
- Start up must need a business plan and if needed, GLWBC can assist through their service programs (If a business has existed for more than 3 years, no business plan is needed)
- Loan application has been turned down by two traditional lending sources (If the loan was under $20k denied, no denial letter is needed, but if $20k and over, a letter will be needed from each lending source)
- Does not have to be a U.S. citizen, but will need to be a legal residence in the U.S.
- Need to fill out the application as the first step and attach all necessary forms requested by CEED
- There will be a $75 loan for the application and can be paid online or via check to “CEED Lending”
- Maximum loan amount if $50k
For those interested in learning more about the loan and the process, please visit the CEED website at http://www.greatlakeswbc.org/programs/ceed-lending/apacc or call the APACC office at 248-430-5855.
CEED Lending is an initiative of Great Lakes Women’s Business Council. For more information about CEED, please visit www.ceedlending.org
