Incentives & Financing

Loan: East Central Michigan (ECM) Revolving Loan Fund (RLF)

The ECM RLF provides gap financing/credit at reasonable rates to small and medium size businesses in Bay and Saginaw Counties. Target loans average $25,000 to $100,000 although the maximum loan is dependent on the fund balance. Loan terms will be negotiable with a maximum of five years for working capital, seven years for fixed assets and 15 years for land and buildings unless otherwise approved by the RLF Loan Fund Board.

Service Fees

An application fee of up to $500 will be charged. Legal fees for document preparation incurred by the ECM RLF will be the responsibility of the borrower at closing.


Loans are for business development, including start-up and expansion of locally owned businesses. Funding is intended for job creation and/or job retention, redevelopment of blighted and vacant facilities, modernization of facilities/equipment, support for development and/or use of new technologies, support for economically disadvantaged groups, and diversification of area economic activity. Eligible borrowers include private, public and tax exempt entities in the industrial/manufacturing, commercial and service sectors.

Loan Criteria

Loans will be targeted for industrial or commercial activities where opportunities for private sector jobs are the greatest. Priority will be given to projects with a high ratio of other funds to RLF funds. Private investment (including loans) must be made concurrently with a RLF loan as part of the same business development project. Private investments do not include equity build-up or prior capital investment unless the investment is made within nine (9) months of the RLF loan. A private lender should also be making a loan to the company at the same time funds are being requested from East Central. Applicants must demonstrate a reasonable capacity to repay the loan. Adequate collateral will be required. A basic understanding of business bookkeeping and profitability measures will be expected.


An application package is available from the East Michigan Council of Governments (EMCOG) at the address listed below. When complete, the application package is submitted to a Loan Committee of experienced lenders. A decision is generally made at the Loan Committee Board meeting if the application is complete. Funding is immediate at closing.


To apply for funding and to learn more information about the program contact Pam Lake at 989-928-0628 or, in Pam’s absence, contact Steve Jonas at 989-757-2107.


East Michigan Council of Governments (EMCOG)

3144 Davenport Avenue, Suite 200
Saginaw, MI 48602

Phone: 989-797-0800

Category: Incentives Packaging

More Incentives Packaging

The Critical Industry Program provides qualified investments to qualified businesses for deal-closing, gap financing, or other economic assistance to create or retain qualified jobs as a result of a technological shift in product or production or make capital investments, or both, in Michigan... Learn More
The Tax Increment Financing Authorities allows municipalities to develop districts with authority to capture taxes due to the increase in property values within a specific district that have resulted from project investments. The districts may be under the jurisdiction of a Downtown Development Authority (DDA),... Learn More
Delta College Fast Start™ Training Program is a partnership between Delta College, Great Lakes Bay Michigan Works!, and regional businesses. Delta College Fast Start™ Training Programs have operated to meet employer workforce training need on a “just in time” basis with job placement rate as... Learn More
The Great Lakes Bay Michigan Works! Is a regional organization devoted to strengthening the local economy through workforce development with funding from the federal and state government. A Business Services Team is assigned to specific industry sectors, and can save time and money in the... Learn More
The Industrial Development Revenue Bond program is tax exempt financing for fixed asset purchases. The Saginaw County Economic Development Corporation (EDC) authorizes issuance of the bonds sold to single or multiple investors. The Michigan Economic Development Corporation (MEDC), also has a statewide program to issue... Learn More
The Michigan Business Development Program is available from the Michigan Strategic Fund (MSF), in cooperation with MEDC. The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment. Learn More
MEDC, on behalf of the Michigan Strategic Fund (MSF), administers the Community Development Block Grant (CDBG) program. CDBG is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development (HUD). Funds are used to provide grants to eligible counties,... Learn More
MCRP is a program available from the MSF, in cooperation with MEDC, designed to promote community revitalization that will accelerate private investment in areas of historical disinvestment, contribute to Michigan’s reinvention as a vital, job?generating state, foster redevelopment of functionally obsolete or historic properties, reduce... Learn More
The OPRA (P.A. 146) incentive essentially allows property owners that are proposing a building renovation to "freeze" a portion of their real property taxes on the current property's value for a period of up to 12 years. Only commercial property or commercial housing property is... Learn More
Saginaw County’s townships, villages and cities are very familiar with Industrial Facilities Exemption certificates and most have been supportive of this incentive for new and expanded facilities. The P.A. 198 tax abatement program provides a 50% abatement on real property for up to 12 years... Learn More
This incentive is a tax freeze on real property improvements for a commercial property for a 1 to 10 year period and the decision to provide the tax abatement and the term is decided by the local municipality. The local government establishes a District (geographic... Learn More
The State Essential Services Assessment is required for manufacturers that do not pay personal property tax on eligible manufacturing personal property. The MSF, in certain circumstances, may choose to exempt or reduce the Assessment for projects that create jobs and/or private investment in Michigan through... Learn More
Consumers Energy provides substantial business energy savings rebates that are available for achieving energy efficiency in both existing and new buildings. Consumers Energy can assist with energy audits and a walk through to identify potential energy efficiency projects. Learn More
The Jobs Ready Michigan program was created by the Michigan Strategic Fund to meet the talent needs of companies that are expanding or relocating to Michigan. The program is designed to be flexible and responsive to the specific talent needs of companies and to address... Learn More
Lean & Green Michigan™ helps commercial, industrial, multifamily, nonprofit, and agricultural property owners finance energy efficiency, water conservation, and renewable energy projects that are profitable for all parties – property owners, contractors, and local governments. Click here for more info or download the brochure! Learn More
Local Blue Water Angels is a network of more than 30 high-net worth individuals and select organizations interested in investing capital in promising companies with the expectation of receiving a substantial return on their investment. While ROI is absolutely the primary goal for BlueWater Angels (BWA),... Learn More
Saginaw Economic Development Corporation (SEDC) is a loan fund available for projects within the City of Saginaw. New investment and job creation is essential. Funds may be used for fixed capital or inventory purchase and are subordinate to bank financing. Learn More
The Strategic Site Readiness Program provides financial incentives to eligible applicants to conduct eligible activities on, or related to, strategic sites and mega-strategic sites in Michigan, for the purpose of creating investment-ready sites to attract and promote investment in Michigan. For more information,... Learn More