No-Interest Loan Program
Funding Amount
Not stated
Deadline
Rolling (quarterly review)
Grant Type
Foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Geography
- Detroit-based
Other requirements
- Businesses of African descent
Overview
Structured, 0% interest financing options for Detroit-based businesses.
The No-Interest Loan Program provides no-interest financing to Detroit-based businesses designed to build equity and empower businesses of African descent. All funding requires an application, screening, and approval prior to disbursement.
Eligibility
- Businesses of African descent
- Detroit-based
Loan Terms
- Interest Rate: 0%
- Structured financing with flexible terms
Application Process
- All funding requires an application, screening, and approval prior to disbursement
Contact Information
- Phone: 313.550.4343
- Email: bld@blackleadersdetroit.org
- Address: 8425 W. McNichols Rd, Detroit, MI 48221
- Website: blackleadersdetroit.org
How to Apply
Application Process
- Submit application through Black Leaders Detroit
- Application will undergo screening
- Await approval decision
- Upon approval, proceed to disbursement
Note
Detailed application requirements and forms are referenced but specific forms and detailed requirements were not provided in the website content.
What Black Leaders Detroit actually gave
Source: IRS Form 990, 2023 — the most recent filing with itemized grants
Black Leaders Detroit reported $453K in grants for 2024 as a total without an itemized list; the grant details below are from 2023, its most recent itemized filing.
- Grants in 2023
- 9
- Total given
- $87K
- Median grant
- $10K
- Range
- $7,500–$10K
- By dollars: Michigan 100%. Top recipient cities: Detroit, MI.
- 0% of grants with a stated purpose were for general or operating support.
Example grants
Janna Kay Charcuterie Boxes and Boa · Detroit, MI
Community impact project support
$10K
Reyz LLC · Detroit, MI
Community impact project support
$10K
Mostyn Comm Dev Serv · Detroit, MI
Community impact project support
$10K
Three Thirteen Detroit · Detroit, MI
Community impact project support
$10K
Rhino Dyno · Detroit, MI
Community impact project support
$10K
Focus Areas & Funding Uses
Fields of Work
- Black-owned businesses
- Small businesses
Categories
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