Small Dollar Loan Program in Michigan
Small Dollar Loan Program (21.025) awarded $1.1 million to recipients in Michigan in 8 grants from fiscal 2021 to 2025, 2.8% of the program's national total. Northern Shores Community Development received the most, $270,718.
- Awarded in Michigan$1.1 million
- Awards8
- Share of the program2.8%
- Rank among states13th of 39
- National total$39.2 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $240,000 |
| FY 2022 | 4 | $240,871 |
| FY 2023 | No awards | |
| FY 2024 | 3 | $626,570 |
| FY 2025 | 0 | $0 |
Recipients in Michigan
| Recipient | Type | Awards | Amount |
|---|---|---|---|
| Northern Shores Community Development | Nonprofits | 2 | $270,718 |
| Ignite Credit Union | Other | 1 | $252,927 |
| Members First Credit Union | Other | 1 | $201,192 |
| Prosperus Detroit Micro Lending | Nonprofits | 1 | $135,000 |
| Lake Superior Community Development Corp | Nonprofits | 1 | $119,324 |
| Metro Community Development Inc | Nonprofits | 1 | $94,758 |
| Chippewa County Credit Union | Other | 1 | $33,522 |
Open opportunities under this program
None is open or forecast on Grants.gov right now.
Questions people ask
How much Small Dollar Loan Program money goes to Michigan?
$1.1 million from fiscal 2021 to 2025, across 8 awards. Michigan ranks 13th of 39 states and territories for this program.
Who receives Small Dollar Loan Program money in Michigan?
The largest recipient is Northern Shores Community Development, with $270,718 in 2 awards. Next are Ignite Credit Union and Members First Credit Union.
Can organizations in Michigan apply now?
No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year.
Small Dollar Loan Program in other states
Other large programs in Michigan
- Grants to States for Medicaid
- Highway Planning and Construction
- Education Stabilization Fund
- Temporary Assistance for Needy Families
- National School Lunch Program
- Commercial Technologies for Maintenance Activities Program
- Title I Grants to Local Educational Agencies
- Special Education Grants to States
- Child Care and Development Block Grant
- Head Start