BizBox Capital & Financing
Each BizBOX business will receive up to $50,000 in financing from Metro Community Development to help finance the first year’s cost for vendors and training.* No collateral is required for loans less than $25,000. Requirements to receive funding include filling out a standard application and underwriting criteria, ability to demonstrate global new cash flow including personal expenses.**
For businesses requiring financing above $50,000, our THRIVE program offers larger funding options. Learn more about this program HERE.
*Exceptions for larger financing is based off of previous business experience, or years in business.
**Completion of educational component does not guarantee loan approval.
BizBOX is comprised of one of two educational options; the Small Business Development Center’s (SBDC) online
self-paced program, partnered with one-on-one coaching, or the University of Michigan-Flint Innovation Incubator’s
five-week Entrepreneur Boot Camp. Each consists of gaining the knowledge and understanding of;
Is Owning Your Business Right for You?
Basic Business Finance
Advertising and Marketing
Understanding Your Competition
BizBox Technical Assistance & Support
Through BizBOX, entrepreneurs are offered no-cost technical assistance after closing for the life of the loan and after. This includes a personal financial coach, and various additional training sessions that focus on growth opportunities. If/When Pivot Paralysis Occurs, we will work to help find answers through a variety in resources.
All BizBOX participants will take part in regular quarterly meetings to help assess and address issues or how to build on strengths.
Our Founding Organization
At Metro Community Development, it is our mission to serve as a leader and catalyst to expand and enhance quality housing and community development initiatives for underserved people and communities. We develop partnerships in Flint and Genesee County, including providing financial support, leading to the creation of stable and vibrant neighborhoods and communities. Learn more about Metro Community Development HERE.
Our Collaborative Partners
The Michigan Small Business Development Center provides counseling, training and research to assist small business to launch, grow, transition and innovate. The Michigan Small Business Development Center (SBDC) enhances Michigan’s economic wellbeing by providing counseling, training and research for new ventures, existing small businesses and advanced technology companies. Learn more HERE.
100K Ideas is a Flint-based nonprofit organization where big thinkers are ushered from napkin-sketch to market. Here we provide real world experience to college students who help address the unmet needs of inventors, innovators and entrepreneurs and ensure a platform to support economic and workforce development as a driver of empowerment in Flint and for innovators everywhere. Find out more about 100K Ideas HERE.
The Innovation Incubator is is the only incubator in Flint focused on (but not limited to) social entrepreneurship, innovation, and creative economy-based ventures. It is a program of University Outreach. Staff help people start local businesses and non-profits. The co-working space is open to the public, free of charge. Free workshops are offered periodically. To learn more, click HERE.
VetBizCentral is a program where Veterans
assist Veterans, active duty, guard and reserve members in the formation and expansion of their businesses. Assistance includes entrepreneurial training and counseling, networking opportunities, mentoring programs and activities, advocacy services and procurement counseling. For more information, click HERE.