We develop honest, long-term relationships with borrowers. ​

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.


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: Apply using the intake form. We will review your submission and required documents, then we will contact you to learn more.
  • Step 2: We will connect you with a loan officer to gather the information and supporting documentation for a strong application.
  • Step 3: The loan officer will present your loan to an independent committee for approval.
  • Step 4: Get approved for a microloan. Following approval, ProsperUs will remain connected to you and your business for the life of your loan and beyond.


  • Pre-Approval: Until your loan gets to the stage where it is presented to the loan committee, you will not be responsible for any fees to ProsperUs.
  • Application Fee: Loans presented to the committee for approval will incur a $50 application fee.
  • Closing Fee: Once approved, you will be responsible for a closing fee ranging from $250-$500, based on the size of your loan. The closing fee can be built into the loan, requiring no out-of-pocket expense.
  • Additional Fees: All loans will include filing fees for business and personal Universal Commercial Code liens (UCC liens) of $15 each. Depending on the conditions of your loan, you may also be charged fees associated with mortgage recording. 


We understand that accessing capital can be important to realizing your vision. ProsperUs wants to support you whether you’re a grad of our programs or an existing business making an impact in your neighborhood.

  • Loan Amount: ProsperUs is a microlender, offering loans up to $50,000.
  • Location: You must have a business located in Detroit, Hamtramck, or Highland Park.
  • Requirements: Must be a for-profit business registered with the state of Michigan (LARA) and have an Employer Identification Number (EIN). Applicants should have an active system of bookkeeping and profit and loss statement or a detailed business plan. Microloans are positioned for transactional businesses. We do support new businesses, but some traction is ideal for moving through the loan process.
  • Applicants: Our approach advocates for those who face challenges, and we prioritize people from low-income communities who identify as Black, indigenous, and/or other people of color including immigrants. Applicants missing required documents may receive additional help during the application process. Contact us if you need help with your application.

We accept applications on a rolling-basis.

$ 0 M+
in approved microloans to neighborhood borrowers since 2012
0 +
microloans approved since 2012
0 +
jobs created with the support of microloan capital


Mental Health


HR & Workforce

Translate »