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Fast Track to Lending

The Small Business Loan Fund,  offered through Lean Rocket LOCAL in partnership with American 1 Credit Union, is a dedicated initiative aimed at providing essential capital to entrepreneurs seeking to elevate their businesses to new heights. This fund is specifically tailored to support entrepreneurs who have already established their operations, have some revenue and are poised for expansion. The allocated funds can be utilized for various critical aspects of business development including real estate acquisition, procurement of equipment, expansion efforts, and bolstering working capital.

Eligibility Requirements

  1. Operating Business with Revenue: Applicants must be the proprietors of actively operating businesses with an existing revenue stream.

  2. Location: The business should be situated within the geographical confines of Jackson, Lenawee, or Hillsdale Counties in Michigan.

  3. Demonstrated Need and Impact: Applicants must articulate a clear need for capital infusion and substantiate the anticipated positive impacts on their business.

Application Process

  1. Initial Consultation: The journey begins with a meeting with Lean Rocket LOCAL where entrepreneurs can explore the potential of the loan fund and receive expert guidance.

  2. Documentation and Planning: Entrepreneurs are required to assemble the necessary documents and comprehensive business plans that elucidate their growth trajectory.

  3. Application Submission: The completed application package, along with the requisite documentation, is then submitted for review.

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Loan Details

  • Funding Amount: Up to $250,000

  • Terms: Up to 84 months, with a competitive interest rate as low as 7.24%*

  • Use of Funds: Lending opportunity to support working capital, franchise fees, acquisition of equipment, inventory or services used in the production, construction, renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes, and more.

  • Available for existing businesses looking for microlending or larger loan needs



*Annual percentage rates (APR) listed are "as low as" based on credit score and term, and are subject to approval. See any branch for details.

Ready to fast-track your lending journey? Seize the opportunity and take action today! Join the Fast Track to Lending program and supercharge your financial future.
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