Background: Hot Sam’s
Entrepreneurs of Color
Entrepreneurs of Color
Providing financing, training, and consulting services to businesses owned by entrepreneurs of color that primarily hire people of color. Read some of our success stories or apply for a loan.
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Pictured: Hot Sam's
Entrepreneurs of Color
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Whether you're a prospective business owner, a banker, entrepreneur or just plain curious, we'll help you get where you need to be. Here's how we can help.
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Pictured: Walker Miller Energy Services
Getting Started
Motor City Brewing Works
Motor City Brewing Works
"DDF helped us to avoid looking for investors and helped us stay afloat in the process."
Motor City Brewing Works
Our mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. Learn more

Michigan Economic Development Corporation COV-19 Relief Fund

Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. The program is aimed at assisting those local businesses that have been most impacted by COVID-19 virus, such as restaurants, coffee houses, retail stores, and service providers. Businesses can use these loans primarily for working capital, acquiring machinery and equipment, and inventory.

DDF anticipates it will provide loans to businesses that require patient, flexible working capital to re-open or re-establish operations following the relaxation of the stay-at-home orders, mandated closures, and other public health restrictions. DDF is now accepting applications for the MEDC COVID-19 Relief Fund. Businesses interested in applying for a loan should contact us by phone at (313) 784-9623, or by email at vholsey@detroitdevelopmentfund.com.

Featured Partner

The Kresge Foundation is a $3.1 billion private, national foundation headquartered in Metropolitan Detroit, in the suburb community of Troy

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