Succession Planning Toolkit
Technical Assistance Providers
General Technical Assistance
Center for Community-Based Enterprise
c2be.org
Detroit Community Wealth Fund
detroitcommunitywealth.org
Michigan Center for Employee Ownership (MICEO)
miceo.org
Michigan Small Business Development Center
michigansbdc.org
Southwest Detroit Business Association
southwestdetroit.com/business/
Exit Planning Institute
exit-planning-institute.org/about-us/exit-planning-partner-network/
Small Business Administration (SBA)
sba.gov
Detroit Justice Center Economic Equity Practice
detroitjustice.org/economic-equity
Michigan Economic Development Corportation
www.miplace.org/programs/
ACCESS
www.accesscommunity.org/employment-services/entrepreneur-resources
SE Michigan SCORE semichigan.score.org
Technical Assistance Providers PDF
Business Brokers
Thrive Aquisition Kathy DeVries, MBA:
616-422-5874
info@thriveacquisition.com
Capital Business Brokerage Haroon Bhatti MBA/MSF:
248-855-7752
capitalbusinessbrokerage.biz
Transworld Business Advisors
of Birmingham
tworld.com/birmingham Lisa Stephens:
248-590-1377
stephens@tworld.com
Financing
Shared Capital Cooperative
Financing for Conversions Worker-Ownership
A national loan fund and federally certified Community Development Financial Institution (CDFI) that provides financing to cooperative businesses and housing throughout the US.
(612) 767-2100
Detroit Community Wealth Fund
Non-extractive financing and technical assistance for worker-owner conversions
A Detroit-based non-profit lending that supports business owners and employees through the worker ownership conversion process, and financing up to $1.5 Million.
Black Leaders Detroit
No Interest Loan Program
An equitable financial solution to help Black small businesses. At Black Leaders Detroit, we seek to rectify the effects decades of discriminatory behavior from traditional financial institutions has had on the Black small business community.
blackleadersdetroit.org/nointerestloan
Kevin Taylor: kevin@blackleadersdetroit.org
ProsperUs Detroit
Up to $50,000
We are invested in the value your business brings to the community. Applying for a microloan with ProsperUs is an opportunity to gain a deeper understanding of your business needs and create a long-term plan for growth. We partner with you to identify your many assets, strengthen your loan application, and connect with you for the life of the loan to ensure your success.
Application form: prosperusdetroit.org/apply-lending/
LISC Detroit
Economic Development Loans LISC offers Accelerated Business Loans, Permanent Working Capital Loans and Leasehold Improvement/FF&E Loans to existing businesses within LISC communities. Loan amounts range from $25,000 to $500,000.
Maker Space Loans LISC provides commercial property acquisition and construction loans to multi-tenant maker spaces. Loan amounts range from $500,000 - $3,000,000. LISC considers a maker space an adaptive reuse of old industrial buildings, warehouses and large commercial spaces to a multi-tenant facility.
Commerical Real Estate Loans LISC provides acquisition and construction loans for commercial and mixed-use projects. Loan amounts range from $500,000 - $5,000,000.
Concerned Capital
Financing and technical assistance for Employee Ownership
A national organization that uses economic development tools – ranging from working capital loans, hiring tax credits, and employee training to help small businesses grow.
(213) 787-4532
Detroit Development Fund
Financing for start-up and existing businesses in Detroit, Hamtramck, and Highland Park.
A community development finance institution based in Detroit that provides micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck.
detroitdevelopmentfund.com
(313) 463-6995
Vanessa Holsey:
vholsey@detroitdevelopmentfund.com
Activate Detroit
Up to $100,000
Financing for Black-Owned Small Businesses. Credit scores don’t tell the whole story of small business entrepreneurs. Activate Detroit – a new loan product meant to empower Black entrepreneurs – is changing the way their story is told.
cdcloans.com/activate-detroit/
Nimaj Driscoll: ndriscoll@cdcloans.com
SBA Community Advantage Loan
Up to $10,000 - $350,000
Don’t qualify for the traditional Small Business Administration (504) loan? No problem! If you’re looking for an alternative to the SBA 504 loan, an Impower Loan can provide a responsible and flexible way to purchase commercial real estate.
Starting in July 2022, Impower now offers up to 95% financing and no minimum credit score. With just a 1% origination fee, Impower is a more flexible way for you to build equity and long-term wealth through your business.
Application form: cdcdirectcapital.apply-plus.com/
Opportunity Resource Fund
Financing for start-up and existing businesses in Michigan.
Provides loans to create equitable, economic and sustainable opportunities throughout Michigan.
Tyler Petersen:
tpetersen@oppfund.org
Capital Impact Partners
Impact Investor for Growing Companies
With a focus on social impact through scaling community-focused companies, our strategy is to ensure the organizational leaders maintain control of their vision and have the flexibility they need to achieve success. Unlike venture capital approaches that seek to extract returns, our investment approach aims to grow the company, create impact, and ensure wealth remains within the community.
capitalimpact.org/impact-investments/
Ian Wiesner: iwiesner@capitalimpact.org
Build Institute
Captial Ladder Loan Fund $5,000 - $15,000 up to 36 mo. term, 3% interest
Kiva Detroit 0% interest crowdfunded microloans
We help people turn their business ideas into reality by providing them with the necessary tools, resources, and support network in Detroit. Whether its our classes, networking events, mentorship, or connections to resources we’re here to provide a nurturing community that allows ideas to develop and flourish over time.
Michigan Women Forward
Microloan range from $2,500 to $50,000
MWF is a community developmen organization whose mission is to expand economic opportunity, empower the next generation, and celebrate and honor the accomplishments of Michigan women.
Financial Advisors
LPL Financial Gary Gilgen, Wealth Manager:
(248) 710-8990
ggilgen@yfwusa.com
Prairie Capital Advisors
Legal Assistance
Deborah Groban Olson, Attorney at Law, PLLC
esoplaw.com
Deborah Olso:
(313) 300-6517
deb@esoplaw.com
Maddin, Hauser, Roth & Heller, P.C.
William Sigler:
(248) 827-1865
wsigler@maddinhauser.com
Tax Professionals
Accounting Aid Society
accountingaidsociety.org/
ESPO Trustee/Fiduciary Support
Prudent Fiduciary Services
fiduciaryservices.com
Miguel Paredes:
(626) 549-1410
mparedes@fiduciaryservices.com
Ventura ESOP Fiduciary Services
Greenwich Capital Group
greenwichgp.com
248-480-2033
bhock@greenwichgp.com
Alex Perry
(810) 265-3864
aperry@venturaesop.com
Business Systems and Procedures
CHPuissegur & Associates
chpuissegur.com
Charles Puissegur:
(248) 225-6655
charliep@chpsystemsandprocedures.com
Endurium
enduriumllc.com
Andrew Sivulka:
(334) 524-1100
andrew.sivulka@enduriumllc.com
Education & Training
Michigan Manufacturing Technology Center
The Center offers personalized consulting services that enable Michigan manufacturers to operate smarter, compete and prosper. Our practical, comprehensive and affordable consulting services and classes help our clients train and develop their employees - and management - not only to deal with the ever-increasing regulatory issues, but also to anticipate future opportunities for growth and limits on what can be done to grow their businesses in the safest, most economical and highly profitable ways.
Techtown Detroit
We invest in metro Detroit’s small business owners and entrepreneurs by providing professional development, expert advice and access to peer networks through our entrepreneurial education programs.
techtowndetroit.org/programs/#entrepreneurialeducation
Initiative for a Competitive Inner City (ICIC)
Inner City Capital Connections (ICCC) is a tuition-free executive leadership training program designed to help business owners in under-resourced communities build capacity for sustainable growth and resiliency as well as survive the economic impact of the COVID-19 pandemic.
icic.org/urban-business-initiatives/inner-city-capital-connections/
Goldman Sachs 10,000 Small Businesses
Goldman Sachs 10,000 Small Businesses is an investment to help small businesses grow and create jobs by providing them with greater access to education, capital, and business support services. To date, more than 12,800 business owners have graduated from the program across all 50 states, Washington, D.C., and Puerto Rico.
Through the program, you will gain practical skills across topics such as financial statements negotiation, marketing, and employee management, and gain the tools to develop a customized business plan for growth—for free.
10ksbapply.com
Babson College
The Bertarelli Institute for Family Entrepreneurship (BIFE) is a learning hub which extends Babson’s founding mission, amplifying the capacity of enterprising families around the world to create economic value and social impact built upon the foundation of stronger family relationships. www.babson.edu/family-entrepreneurship-institute/