Grow Michigan II, LLC
Grow Michigan II, LLC, is capitalized by members of Michigan’s banking community and the Michigan Strategic Fund. It provides attractively priced growth capital in the form of subordinated/mezzanine debt to the Michigan small business community.
This unique initiative and product offering, including value-added assistance, extends the capabilities of senior debt providers by offering a highly efficient, cost-effective and complementary capital structure for growing Michigan small business in a broad range of industries.
Basic Criteria
There are basic criteria needed to qualify for funding. Please click on the requirements below for more detailed information.
Requirements
Grow Michigan provides mezzanine financing to small business. Our lending is specifically targeted to helping companies expand in Michigan. Grow Michigan’s target loans are to profitable small businesses with strong management teams committed to excellence.
Senior Lending
Mezzanine financing provides additional lending beyond traditional senior bank lending. Prospective companies should have established relationships with senior lenders. A Grow Michigan partner bank is not a prerequisite for funding consideration.
Our typical loan size is expected to be between $250,000 and $5,000,000.
Grow Michigan Partners
Grow Michigan is proud to partner with the following institutions in providing funding to the small business community.
