Opportunity Resource Fund (OppFund)

Opportunity Resource Fund (OppFund)

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

Loans from $10,000–$250,000, require 10–15% equity investment

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

Financing Geographic Area 

Michigan 

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  • center for regional food systems

Center for Regional Food Systems

Food System Infrastructure, Planning and Policy

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