Opportunity Resource Fund (OppFund)

 

Opportunity Resource Fund (OppFund)

Click the button above for more information.

How it Works

OppFund provides loans for the start-up or expansion of small businesses, including food businesses in Michigan. This will include pre-development costs, acquisition of land and renovation of buildings, inventory, and working capital.

Funding Focuses On

Market niches that are underserved by traditional lenders. They have partnered with Michigan Corps to do Kiva loans.

Funding Limit

$250,000

Qualifications

  • Exhibit community control or local self-determination
  • Demonstrate alternative business practices
  • Loans available for nonprofit 501(c)(3) or 501(c)(4) organizations, for-profit entities, individuals, and current OppFunds borrowers
  • Loans require a 10–15% equity investment

Financing Geographic Area 

United States

Last updated 2/20/25

 

You Might Also Be Interested In

Accessibility Questions:

For questions about accessibility and/or if you need additional accommodations for a specific document, please send an email to ANR Communications & Marketing at anrcommunications@anr.msu.edu.

Tag List
  • crfs funding sources directory,
  • center for regional food systems

Center for Regional Food Systems

Food System Infrastructure, Planning and Policy

Michigan Good Food

Farm to Institution/School

Michigan State University
  • Spartans Will.
  • © Michigan State University

MSU is an affirmative-action, equal-opportunity employer, committed to achieving excellence through a diverse workforce and inclusive culture that encourages all people to reach their full potential.

Michigan State University Extension programs and materials are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status or veteran status. Issued in furtherance of MSU Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Quentin Tyler, Director, MSU Extension, East Lansing, MI 48824. This information is for educational purposes only. Reference to commercial products or trade names does not imply endorsement by MSU Extension or bias against those not mentioned.

The 4-H Name and Emblem have special protections from Congress, protected by code 18 USC 707.

We comply with the Federal Trade Commission 1998 Children’s Online Privacy Protection Act (COPPA).