Microloans Application Process

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How to apply

If your business is within Washtenaw County, submit your application on SPARK’s website.
Email the following materials to Funding@AnnArborUSA.org:

  • Business plan or executive summary (5-10 pages); you can use our template (PDF)  or loan scoring sheet (PDF) for guidance; include how you will use your microloan funds.
  • Pro-forma financials, for a 3-5 year forecast, including cash flow statement, income statement and current balance sheet.
  • Bios, resumes or CVs of all founders, 1-2 pages per person.


After first meeting with a SPARK team member, it can take a few weeks to submit a completed application, depending on the number of revisions needed in the business plan and proposal.

After the application is submitted, it may take several weeks for the external committee to review the application.

Before signing a loan, SPARK will complete a background check on all founders.


If you are turned down for a microloan, you may only reapply once with the same business idea. You must submit a revised business plan and a response to the feedback you received on your first application.

Microloans available outside of SPARK

First Step Fund

The First Step Fund provides loans, mentoring and networking to emerging and newly formed small businesses in Southeast Michigan. Start-ups must have successfully completed a training program through a qualified regional business incubator/accelerator. The program is a partnership of Invest Detroit Foundation,TechTown, Automation Alley and Ann Arbor SPARK. The intent of the First Step Fund is to promote economic development by providing loans to early stage, commercially viable businesses, creating jobs and increased tax revenue for the region.

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