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Detroit Development Fund
Detroit Development Fund
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓Small businesses in Detroit can apply
✓For entrepreneurs of color fund applicants
✓Must primarily hire people of color
Your real odds
91% of their loans have gone to minority-owned businesses, so if you are not in that group, the portfolio is working against you from the start.
DDF has deployed over $150M in loans and created or retained 11,100+ jobs in Detroit, which signals an active lending operation, though exact approval rates are not published.
What it takes
Submit a loan inquiry online or walk in1 to 2 hrs
Complete your application with on-site guidance1 to 2 weeks
Work through underwriting and approval
Worth knowing
Walk-In Wednesdays let you sit down one-on-one with a lender before you submit, and most applicants skip this entirely, which means showing up is one of the cleaner ways to separate yourself.
What else do you qualify for?
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