Prosperus Detroit Micro Lending
Detroit, MI
- UEI
- LLK6NQLKDHV3
- CAGE
- 8GC81
- Primary NAICS
- 813319 Other Social Advocacy Organizations
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- Other NAICS codes in SAM.gov
- SAM.gov registration date
- Physical address
- 950 Selden St #330, Detroit, MI 48201, USA
- Website
- prosperusdetroit.org
- Founded
- 2012
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Prosperus Detroit Micro Lending, a tax-exempt nonprofit organization registered in SAM.gov since January 2020, serves as a Community Development Financial Institution (CDFI) dedicated to providing accessible financial services and business support to entrepreneurs and small business owners in Detroit, Michigan. The organization operates as an intermediary lender and capacity-building organization, functioning as a prime recipient of federal grant awards from the U.S. Small Business Administration (SBA) and the Department of the Treasury's Community Development Financial Institutions Fund. Prosperus Detroit advances economic revitalization and community development by targeting underserved populations that lack adequate access to affordable financial products, capital, and technical assistance services.
Since 2021, Prosperus Detroit has received nine federal grant awards totaling significant funding across multiple SBA and CDFI programs. The organization has been awarded grants under the SBA's Office of Capital Access programs, including the Microloan Program (providing short-term fixed-rate loans up to $50,000 for working capital, inventory, equipment, and related business needs), the Prime Technical Assistance program ($200,000 awarded in fiscal 2022 to deliver training and capacity-building services to microentrepreneurs), and Congressional Community Project Funding ($1 million awarded in 2022 for microloans and technical assistance initiatives). Additionally, Prosperus Detroit has received multiple grants from the Treasury Department's Community Development Financial Institutions Fund, including awards under the CDFI Program for financial assistance and matched funding mechanisms, the CDFI Equitable Recovery Program ($200,000 awarded in 2023) to expand lending and build organizational capacity in response to COVID-19 impacts, the Small Dollar Loan Program (supporting loan loss reserves and technical assistance for small dollar lending to unbanked and underbanked populations), the CDFI Technical Assistance program ($125,000 awarded in 2021), and the CDFI Rapid Response Program ($200,000 awarded in 2021). Through these awards, Prosperus Detroit delivers microloans, grant-making, investment activities, loan loss reserves, capital reserves, development services, technical assistance, staff support, technology acquisition, training, and organizational capacity-building services to low- and moderate-income communities and entrepreneurs in Detroit. The organization operates as a prime recipient with no subrecipients, providing these services directly to its target populations and borrowers.
Quick answers
Is Prosperus Detroit Micro Lending registered in SAM.gov?
Yes. Prosperus Detroit Micro Lending's SAM.gov registration is active through July 31, 2027.
What is Prosperus Detroit Micro Lending's most recent federal award?
Prosperus Detroit Micro Lending's most recent federal grant award is Prosperus detroit micro lending - MI to assist all entrepreneurs business owners and other individuals possessing the… (SBAHQ25Y0117), from Office of the Chief Operating Officer, on July 1, 2025.
On GovTribe
See Prosperus Detroit Micro Lending's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors