Kalamazoo Approves $ 3.1 Million Expansion of Small Business Loan Fund Program

Kalamazoo Approves $ 3.1 Million Expansion of Small Business Loan Fund Program

KALAMAZOO, MI – The Kalamazoo Town Commission has approved an agreement with the United Way of the Battle Creek and Kalamazoo Area (UWBCKR) to expand the Kalamazoo Small Business Loan Fund program.

The city commission voted at its meeting on Monday, March 1 to approve the expansion as part of the meeting’s consent agenda.

The city has agreed to use $ 1,038,500 per year over a three-year period, with a total investment of $ 3,115,500, from the Foundation’s Ambitious Fund for Excellence (FFE), to implement the program. , according to the city’s program.

In March 2020, the City of Kalamazoo and United Way of the Battle Creek and Kalamazoo Area (UWBCKR) collaborated to create the Kalamazoo Small Business Loan Fund Program (KSBLF) with an investment from the City of Kalamazoo via FFE …

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