CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

Detroit Development Fund

Detroit Development Fund

Varies; no published minimum or maximum disclosed.

·

Rolling — no set deadline, applications accepted on an ongoing basis.

AMOUNT

Varies; no published minimum or maximum disclosed.

AMOUNT

Varies; no published minimum or maximum disclosed.

DEADLINE

Rolling — no set deadline, applications accepted on an ongoing basis.

DEADLINE

Rolling — no set deadline, applications accepted on an ongoing basis.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

Open to small businesses and startups in Detroit, with a dedicated track for entrepreneurs of color.

Open to small businesses and startups in Detroit, with a dedicated track for entrepreneurs of color.

DDF is a CDFI offering small business loans in Michigan. They have a specific Entrepreneurs of Color Fund for businesses owned by people of color that primarily hire people of color, but loan products are available to businesses broadly.

DDF is a CDFI offering small business loans in Michigan. They have a specific Entrepreneurs of Color Fund for businesses owned by people of color that primarily hire people of color, but loan products are available to businesses broadly.

YOUR REAL ODDS

91% of their loans have gone to minority-owned businesses, so the portfolio skews heavily toward that group.

DDF has deployed over $150M in loans and created or retained 11,100+ jobs in Detroit, suggesting an active lending operation. Exact approval rates are not published.

WHAT IT TAKES

  1. Submit a loan inquiry online or visit Walk-In Wednesdays to meet a lender in person — 1–2 hours

  2. Review requirements and complete your application, with guidance available on-site — 1–2 weeks

  3. Work with DDF lender through underwriting and approval process — Varies

WORTH KNOWING

DDF offers Walk-In Wednesdays where you can meet one-on-one with a lender, ask questions, and complete your application with expert guidance — a direct way to improve your application before submitting.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

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