Unleash the power of your Detroit business.

You have a big idea, a problem you want to solve, or a product that you’re excited to share with the world. Maybe you just need a small amount of funding to bring your ideas to life. A small business microloan can help with business expenses under $50,0001.

Business owner, Ne'gyle, showing customer options in his boutique in Detroit.
SMALL BUSINESS MICROLOANS

Benefit your business with a microloan.

SMALL BUSINESS MICROLOANS

Benefit your business with a microloan.

A microloan can help fill the gap between what you have now and what you need to grow. Find the funding you need quickly, as the lending process for microloans is typically shorter than the process for other small business loans. And we’re here to provide guidance along the way. Fill out the form below and a Lake Trust team member will contact you.

Business owner, Ne'gyle, sewing bowties.

Contact Us

Choose your microloan.

Business Vehicle Microloan
RATES AS LOW AS {rate-value}% APR2

Keep your business running smoothly with a new or used vehicle to expand your services, make deliveries, or spread the word about your company.
Apply Now

Business Signature Microloan
RATES AS LOW AS {rate-value}% APR2

This small business microloan could help you expand your business or purchase supplies. Terms are available up to 60 months for this unsecured loan.
Apply Now

Business Line of Credit Microloan
RATES AS LOW AS {rate-value}% APR2

This flexible loan option can give you quick access to additional working capital that you can use as needed for supplies, repairs, and other business expenses.
Apply Now

Business Secured Microloan
RATES AS LOW AS {rate-value}% APR2

For large, one-time business expenses, like a new piece of equipment or machinery, this business microloan option could help you make it happen.
Apply Now

Meet other Detroit business members.

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A passion for fashion.

A small business microloan helped Ne’Gyle grow his business and offer a more custom experience for customers at his store, Bleu Bowtique, in Midtown Detroit.

Redefining fine dining at Freya Detroit.

James Beard semi-finalists, Sandy and Doug, embrace the power of community at Freya Detroit.

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Inspiring a beautiful community.

Meet Jessie, a Lake Trust business member focused on the beauty industry in the Detroit area.

FINANCIAL WELLBEING LIBRARY

Empower your business.

Your financial wellbeing means more than your balance sheet. Check out these articles with topics to support you on your journey, wherever you are.

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1 Total aggregate balance of micro business loans must be $49,999 or less.
2APR=Annual Percentage Rate. Rates based on credit history, term, security, and amount borrowed. Rates effective January 20, 2025 and subject to change.