There is one round of applications for this program, as follows:

  • Applications go live: November 9, 2020
  • Applications due: November 20, 2020 by 5pm EST
  • Applicants notified of grant decisions: December 4, 2020

How to Apply

There are three (3) steps to applying:

  • Review the eligibility and requirements below before proceeding to make sure your business meets the intent of this program.
  • Complete the application.
  • Submit required documentation to: bipocgrant@blackleadersdetroit.org

Eligibility Requirements

The following is a list of grant criteria and eligibility requirements:

  • Grant amounts are $5,000 per business.
  • Businesses with annual revenues no more than $1 million.
  • Businesses must have been in existence a year or longer.
  • Businesses must be for-profit.
  • If a business owner operates more than one business, only one application for a single business will be accepted.
  • The business name on the application must match the records with the State, County, and City.
  • Certificate of Good Standing.
  • The business must have a business address in the Flagstar Bank's key geographies of Michigan, Indiana (South Bend and Fort Wayne) and California (High Desert of San Bernadino County)
  • Grants may be used to cover the day-to-day operating expenses of the business, such as rent, working capital, payroll, utility bills or losses due to destabilizing events, etc.
  • Grants may by used for transitioning to e-commerce, curb-side pick-up, delivery integrations and other creative soltions to increase revenue
  • Agree to share financials and other essential information
  • Agree to share change in business as a result of the grant funding
  • Read the full eligibility requirements here

Submit Application

Read the full eligibility requirements here, and download the grant application here.

Submit Application