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Capital Access Program

A smarter path to business financing, strengthened by Michigan’s CAP program.

Supporting small businesses ready to take the next step.

The Michigan Capital Access Program helps small businesses qualify for financing when they do not fully meet conventional lending requirements. The program establishes a reserve fund, supported by the borrower, the lender, and the state, that helps offset potential losses on enrolled loans. This shared approach gives lenders greater flexibility while helping more Michigan businesses secure the credit they need to operate, expand, and grow.

Managing Everyday Expenses

Working Capital

Maintain cash flow during seasonal changes or growth periods. CAP-backed loans provide funds to manage operating expenses and keep business moving.

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Gardener

INVESTING IN PRODUCTIVITY

Equipment Purchases

Finance tools, vehicles, or machinery essential to your business without overextending your existing credit lines.

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equipment

MEETING GROWING DEMAND

Expansion and Improvements

Use CAP-supported financing to expand your operations, renovate facilities, or add inventory to meet growing demand.

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office remodel

Supporting Early Growth

Start-Up and Emerging Businesses

For newer businesses with limited collateral or shorter financial histories, CAP can make early financing possible and set a foundation for future growth.

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start up business

UNDERSTANDING CAPITAL ACCESS FAQ

Capital Access Program FAQs

Common questions about financing through Michigan’s Capital Access Program and how it supports small-business lending.

 

What is the Michigan Capital Access Program?

The Michigan Capital Access Program (CAP) is a statewide initiative that helps small businesses qualify for financing. It creates a reserve fund supported by the borrower, the lender, and the state to reduce potential loan losses and make credit more attainable for Michigan businesses.

Who is eligible for a Capital Access loan?

CAP is designed for Michigan-based, for-profit small businesses with 500 or fewer employees. It is especially helpful for businesses that are viable but may not meet every traditional lending requirement, such as limited collateral or short operating history.

How can the funds be used?

Loans enrolled in CAP can be used for a variety of business purposes including working capital, equipment purchases, business expansion, and facility improvements. The funds must support the business’ operations and growth, not personal or passive real estate investment.

Does CAP change the loan terms?

The loan’s interest rate, term, and structure are set by the lender, just like any other business loan. CAP simply adds a reserve fund behind the scenes to help the lender approve more qualified borrowers.

Do I apply directly through the state?

No. CAP loans are made directly through participating lenders such as Highpoint Community Bank. Your lender will handle the application and enrollment process if your loan qualifies for the program.

We’re Here to Help Your Business Grow

Our lenders can help determine whether a Capital Access loan is the right fit for your business and walk you through the process from start to finish.