Amanah Financing: Islamic Compliant Finance Program
This opportunity is made possible through our partnership with the City of Hamtramck and support from the National League of Cities.
WHO SHOULD APPLY
We know access to the right kind of capital matters. With Amanah Financing, ProsperUs offers a no interest, Islamic-compliant option so Hamtramck entrepreneurs can have the capital needed to move their businesses forward.
- Loan Amount: up to $5,000, no interest or fees.
- Location: You must reside in Hamtramck, or have a business operating in Hamtramck.
- Requirements: Must be a for-profit business registered with the state of Michigan (LARA) and have an Employer Identification Number (EIN). Start-up and existing businesses are encouraged to apply.
- Applicants: Our capital is designed to support entrepreneurs who lack access to traditional financing, and we prioritize people from low-income communities who identify as Black, indigenous, and/or other people of color including immigrants. Open to all who qualify, whatever your faith may be. Contact us if you need support with your application.
WHAT TO EXPECT
We support you in securing funding for your business. Our team partners with you throughout the application process to make sure you are learning while growing your business. We are available for questions or concerns throughout the process and beyond.
- Step 1: Complete the short application. We’ll email a confirmation and let you know if anything’s missing.
- Step 2: We will schedule a short conversation to learn about your business, answer questions, and make sure Amanah Finance fits your goals.
- Step 3: Once your application is complete, you’ll receive a decision in about 3 business days. We will run a soft credit check that doesn’t affect your score.
- Approved? We will schedule time to sign closing documents and disburse funds by ACH.
- Not approved yet? We will explain why and offer coaching so you can strengthen your application and re-apply.
APPLY NOW
Assistance Request for: Amanah Financing Application
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