Capital Access Program (CAP) (Michigan)

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Last modified on February 12, 2015.

EZFeed Policy

Place Michigan


   
Applies to States or Provinces Michigan
Name Capital Access Program (CAP) (Michigan)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Michigan Economic Development Corporation
Primary Website http://www.michiganadvantage.org/Access-to-Capital/



Last Review 2014-09-15
Last Substantive Modification
to Summary
2013-08-27

Information Source http://www.michiganadvantage.org/cm/Files/Fact-Sheets/CAPAccess.pdf


Summary

The Capital Access Program (CAP), utilizes public resources to generate private financing for small business in Michigan seeking access to capital. Funding from the Michigan Strategic Fund is joined with private banking participants to enable more favorable loan access for small businesses. To date, the private/public ratio of funding has been approximately 28 to 1. Eligible businesses must have no more than 500 workers and the maximum loan amount which may be enrolled in CAP is $5 million.



Policy Contact

Contact Name MEDC Customer Assistance Center






Phone 517-373-9808


Email cap@michigan.org

     
     


















References