Photo Credit: Kevin Corbin
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Ann Arbor State Bank Ann Arbor State Bank
125 West William St.
Ann Arbor, MI 48104 (734) 761-1475

MEDC Support Programs

The MEDC Collateral Support Program pledges cash collateral when your business does not have enough collateral to support your loan.

The MEDC Loan Participation Program purchases a portion of the bank’s loan and is able to offer a grace period of up to 36 months to alleviate cash flow, which is ideal for businesses projecting growth.

In general, to qualify for an MEDC program, your business must:

  • Have less than 750 employees
  • Be on the approved list of industries; generally a company which provides technical products and services
  • Not exceed a $20,000,000 loan
  • Use proceeds for Michigan projects