Michigan Good Food Loan Fund
The Michigan Good Food Fund offers financing for enterprises working to create a more equitable, resilient food system across Michigan.
Loans may be used for:
- Permanent working capital
- Inventory
- Equipment purchase
- Real estate acquisition
- Construction and property improvements
- Facility expansion or upgrades
- Business process upgrades
Program goals and priorities:
- Local economic growth
- Support for local producers
- Racial and social equity
- Environmental stewardship
Eligible entities are mission-driven enterprises working to increase access to healthy food in Michigan. This includes the range of businesses that grow, process, distribute, and sell healthy food that reaches low-income and underserved communities. An emphasis is placed on businesses that are women-owned, represent communities that have been marginalized due to race, ethnicity, and/or gender, or serve under-resourced communities.
Loans range from $2,500 to $6,000,000. Amounts and terms are based on need and fund availability. Types of financing and sample terms are described in detail on the program website.
Links to resources and the online inquiry form are available on the program website.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.