Small Business Loan and Grant Fund Offers a Boost
You might have heard us talking about the 10 million dollar small business loan fund started last Fall in Battle Creek, but there's also a smaller fund that helps businesses and it's pretty simple to apply.
The Small Business Action Team, coordinated by BCVision, created the Small Business - Community Loan and Grant Fund with a goal to provide Battle Creek area small business owners with access to capital when other sources may be unavailable.
The fund will provide a loan or grant of up to $10,000 for one business owner or project; $30,000 has already been raised for the fund that was seeded by a lead $10,000 investment from Chemical Bank.
Local small business owners who have received funding are seeing the positive impact that the fund is having on their overall business success and future trajectory.
Margaret Kirk, owner of Massage Green Spa, was born and raised in Battle Creek and currently employs eight people in the area. Kirk stated that she found out about the Small Business Community Loan and Grant Fund at a networking event that focused on entrepreneurship. Since receiving the loan, Kirk has seen lots of internal improvements at Massage Green Spa.
“This fund has impacted me in a great way,” said Margaret Kirk. “It has allowed me to update our business technology, which saves the staff time and ultimately creates a hassle-free check in for our guests that are entering the spa. Being able to provide a higher level of customer service will help attract new clients and contribute to our long-term success.”
BCVision’s Small Business Action Team is comprised of community members working to ensure Battle Creek is home to a thriving small business economy.
“This fund is directly contributing to a brighter and more prosperous economic future for Battle Creek,” said Devon Gibson, Community Initiatives Associate at the Battle Creek Community Foundation. “Small businesses not only bring about great pride in our community, but they provide jobs and opportunities for people to achieve financial success and independence.”
Interested applicants should contact the Small Business Development Fund:
(269) 966-3355 ext. 1193