Michigan Strategic Fund Direct Loan

Administered by Michigan Strategic Fund · Michigan

BENEFIT

Up to $10M

Deadline type: rolling

Eligibility Requirements

1Below-market interest rate financing
2Must create or retain Michigan jobs
3Project must demonstrate economic impact
4Can be used alongside grants and tax credits

Eligible Project Types

CommercialIndustrialMixed Use

STACKING POTENTIAL

Michigan Strategic Fund Direct Loan is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

Source: Michigan Strategic Fund official program page ↗ · Last verified 2026-03-10

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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