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MI
Michigan Collateral Support Program (Restaurants)
Pledges cash collateral to lenders on behalf of restaurant businesses with a collateral shortfall, enabling access to commercial credit for Michigan food service businesses under SSBCI 2.0.
About this program
Visit the program website for full details.
Eligibility
Michigan-based for-profit restaurant and food service businesses with 750 or fewer employees that have a collateral shortfall as identified by a participating private lender.
Requirements
- Must be a Michigan-based for-profit restaurant or food service business
- 750 or fewer employees
- Must have an identified collateral shortfall with a participating lender