Impact Loans.
Welcome Metro-Detroit Entrepreneurs,
Every July, Impact Investing Group starts its Impact Loan Cycle, taking applications for its Impact Loans. These low-interest, community-focused microloans are between $1,000 and $5,000 with a three-year repayment term. The loan vehicle is designed to support Metro-Detroit Communities—offering flexible financing options, no credit check, and no collateral.
*The application for the 2023-2024 Impact Loan Cycle is currently closed.*
Applications for the upcoming cycle will begin in July 2024 and close at the end of September 2024, after which Impact Investing Group engages in a 2-3 month financial & social diligence process to determine the winning recipients of our Impact Loans.
Once your business is awarded an Impact Loan, the Impact Investing Group supports the use of the loan money & your small business as a whole by assigning a team of creative-thinkers & problem solvers to help grow your business over a four month process and continued partnership after that. Impact Investing Group also offers possibility for reinvestment after a secondary review process.
We are excited to receive your application for the Impact Loan & continue working with The Metro-Detroit & Michigan Communities in 2024!
Wishing you well,
The Impact Investing Group Community
Some of Our Past Impact Loan Entrepreneurs.
Maria Adams-Lawton
Founder & Proprietor
Maria’s true passion is physical education and youth, with a background in education for more than 25 years. She established After School Kidz Zone LLC in 2006 and provides childcare, enrichment, and sport activities for primary and secondary school age children.
After School Kidz Zone
Founder & Proprietor
Tonika Williams
Williams Enterprises & More
Tonika Williams has a PTIN issued by the IRS and formal training in tax law and tax software. Williams Enterprise & More offers tax preparation services to individuals and businesses as well as business filing services in the Detroit area.
Zepora Starks
Colorful Teez!
Founder & Proprietor
Zepora Starks is very involved in community social work in Detroit and founded Colorful Teez Imagine That! In 2016. Her business is a commercial printing company that provides standard as well as custom-made attire for large groups or gatherings.
Founder & Proprietor
Raphael Wright
Urban Plug
Raphael Wright is a serial entrepreneur interested in social entrepreneurship. He is starting Neighborhood Grocery, an upcoming small format fresh grocery store. It will be the first Black-owned grocery store in Detroit.
A Positive Fall 2021,2022, & 2023 Impact Loan Program.
