SBO Access to Capital Survey

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* 1. How much funding are you seeking?

$10,000 to $50,000

$50,000 to $150,000

$150,000 to $250,000

Over $250,000

I don't know

I am not seeking funding

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* 2. What do you need funding for? Check all that apply.

Working capital (such as payroll, inventory and bills)

Purchase equipment

Purchase land and/or building

Build out / Fix Up existing property

Pay off existing debt

Other (please describe below)

I don't know

I don't need funding

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* 3. If you need funding for other purposes, please describe below

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* 4. What was your 2021 revenue range for your business?

Start Up / Pre Revenue

Less than $50,000

Between $50,000 to $150,000

Between $150,000 to $500,000

Between $500,000 to $1,000,000

Over $1,000,000

I don't know

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* 5. Select Industry

Healthcare

Food & Beverage

Professional & Creative

Hair & Beauty

Retail & Grocery

Fitness & Wellness

Construction & Trades

Childcare & Education

Other

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* 6. We're curious if you are familiar with the following non-profit lenders in Detroit - please check the boxes that apply to you

	Never heard of them	Heard of them but never contacted them	Have been in communications with them	Applied for funding but was denied by them	Applied and received funding
Black Leaders Detroit	Black Leaders Detroit Never heard of them	Black Leaders Detroit Heard of them but never contacted them	Black Leaders Detroit Have been in communications with them	Black Leaders Detroit Applied for funding but was denied by them	Black Leaders Detroit Applied and received funding
Momentus (formerly Capital Impact Partners/CDC Small Business Finance)	Momentus (formerly Capital Impact Partners/CDC Small Business Finance) Never heard of them	Momentus (formerly Capital Impact Partners/CDC Small Business Finance) Heard of them but never contacted them	Momentus (formerly Capital Impact Partners/CDC Small Business Finance) Have been in communications with them	Momentus (formerly Capital Impact Partners/CDC Small Business Finance) Applied for funding but was denied by them	Momentus (formerly Capital Impact Partners/CDC Small Business Finance) Applied and received funding
CEED Lending	CEED Lending Never heard of them	CEED Lending Heard of them but never contacted them	CEED Lending Have been in communications with them	CEED Lending Applied for funding but was denied by them	CEED Lending Applied and received funding
Community Reinvestment Fund USA (CRF)	Community Reinvestment Fund USA (CRF) Never heard of them	Community Reinvestment Fund USA (CRF) Heard of them but never contacted them	Community Reinvestment Fund USA (CRF) Have been in communications with them	Community Reinvestment Fund USA (CRF) Applied for funding but was denied by them	Community Reinvestment Fund USA (CRF) Applied and received funding
Detroit Development Fund	Detroit Development Fund Never heard of them	Detroit Development Fund Heard of them but never contacted them	Detroit Development Fund Have been in communications with them	Detroit Development Fund Applied for funding but was denied by them	Detroit Development Fund Applied and received funding
Detroit Economic Growth Corp (DEGC)	Detroit Economic Growth Corp (DEGC) Never heard of them	Detroit Economic Growth Corp (DEGC) Heard of them but never contacted them	Detroit Economic Growth Corp (DEGC) Have been in communications with them	Detroit Economic Growth Corp (DEGC) Applied for funding but was denied by them	Detroit Economic Growth Corp (DEGC) Applied and received funding
Fair Food Network	Fair Food Network Never heard of them	Fair Food Network Heard of them but never contacted them	Fair Food Network Have been in communications with them	Fair Food Network Applied for funding but was denied by them	Fair Food Network Applied and received funding
Invest Detroit	Invest Detroit Never heard of them	Invest Detroit Heard of them but never contacted them	Invest Detroit Have been in communications with them	Invest Detroit Applied for funding but was denied by them	Invest Detroit Applied and received funding
Michigan Good Food Fund	Michigan Good Food Fund Never heard of them	Michigan Good Food Fund Heard of them but never contacted them	Michigan Good Food Fund Have been in communications with them	Michigan Good Food Fund Applied for funding but was denied by them	Michigan Good Food Fund Applied and received funding
Michigan Women's Forward	Michigan Women's Forward Never heard of them	Michigan Women's Forward Heard of them but never contacted them	Michigan Women's Forward Have been in communications with them	Michigan Women's Forward Applied for funding but was denied by them	Michigan Women's Forward Applied and received funding
Opportunity Resource Fund	Opportunity Resource Fund Never heard of them	Opportunity Resource Fund Heard of them but never contacted them	Opportunity Resource Fund Have been in communications with them	Opportunity Resource Fund Applied for funding but was denied by them	Opportunity Resource Fund Applied and received funding
ProsperUs	ProsperUs Never heard of them	ProsperUs Heard of them but never contacted them	ProsperUs Have been in communications with them	ProsperUs Applied for funding but was denied by them	ProsperUs Applied and received funding

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* 7. Please provide: name / organization / email address

Your Name

Company Name

City/Town

ZIP/Postal Code

Email Address

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* 8. Please check any of the categories you (your business) fits into

Woman Owned Business

Wayne County Based Business

Veteran Owned Business

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* 9. Please select your ethnicity

African American

Asian Indian

Asian Pacific

Hispanic / Latino

Middle Eastern / North African

Native American

White / Non Hispanic

Prefer not to Answer

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* 10. Have you applied for funding before? [Bank loan]

Have never applied

Applied and was approved

Applied and was denied

I don't know

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* 11. Have you applied for funding before? [CDFI loan]

Have never applied

Applied and was approved

Applied and was denied

I don't know

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* 12. Have you applied for funding before? [PPP loan (via SBA)]

Have never applied

Applied and was approved

Applied and was denied

I don't know

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* 13. Have you applied for funding before? [EIDL loan (via SBA)]

Have never applied

Applied and was approved

Applied and was denied

I don't know

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* 14. Have you applied for funding before? [Grants]

Have never applied

Applied and was approved

Applied and was denied

I don't know

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* 15. Please rank how the items below contribute to barriers to access to capital for underserved Small Business Owners (SBOs); particularly microbusinesses ($1mm in revenue or less).

Ranking System: The item ranked #1 represents the highest barrier for underserved SBOs; The item ranked #6 represents the lowest barrier.

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* 16. Using the category descriptions above (in question 1); please rank the various items impact on the barriers to access to capital.

	Extremely High - This item is a extremely high barrier to the access to capital challenge.	High - This item is a high barrier to the access to capital challenge.	Medium - This item is a medium barrier to the access to capital challenge.	Low - This item is a low barrier to the access to capital challenge.	Minimal - This item is a minmal barrier to the access to capital challenge.
Awareness/Trust/Education	Awareness/Trust/Education Extremely High - This item is a extremely high barrier to the access to capital challenge.	Awareness/Trust/Education High - This item is a high barrier to the access to capital challenge.	Awareness/Trust/Education Medium - This item is a medium barrier to the access to capital challenge.	Awareness/Trust/Education Low - This item is a low barrier to the access to capital challenge.	Awareness/Trust/Education Minimal - This item is a minmal barrier to the access to capital challenge.
Personal Credit Worthiness	Personal Credit Worthiness Extremely High - This item is a extremely high barrier to the access to capital challenge.	Personal Credit Worthiness High - This item is a high barrier to the access to capital challenge.	Personal Credit Worthiness Medium - This item is a medium barrier to the access to capital challenge.	Personal Credit Worthiness Low - This item is a low barrier to the access to capital challenge.	Personal Credit Worthiness Minimal - This item is a minmal barrier to the access to capital challenge.
Financial Literacy & Readiness	Financial Literacy & Readiness Extremely High - This item is a extremely high barrier to the access to capital challenge.	Financial Literacy & Readiness High - This item is a high barrier to the access to capital challenge.	Financial Literacy & Readiness Medium - This item is a medium barrier to the access to capital challenge.	Financial Literacy & Readiness Low - This item is a low barrier to the access to capital challenge.	Financial Literacy & Readiness Minimal - This item is a minmal barrier to the access to capital challenge.
Product Variety & Availability	Product Variety & Availability Extremely High - This item is a extremely high barrier to the access to capital challenge.	Product Variety & Availability High - This item is a high barrier to the access to capital challenge.	Product Variety & Availability Medium - This item is a medium barrier to the access to capital challenge.	Product Variety & Availability Low - This item is a low barrier to the access to capital challenge.	Product Variety & Availability Minimal - This item is a minmal barrier to the access to capital challenge.
Cost of Capital	Cost of Capital Extremely High - This item is a extremely high barrier to the access to capital challenge.	Cost of Capital High - This item is a high barrier to the access to capital challenge.	Cost of Capital Medium - This item is a medium barrier to the access to capital challenge.	Cost of Capital Low - This item is a low barrier to the access to capital challenge.	Cost of Capital Minimal - This item is a minmal barrier to the access to capital challenge.
Accessibility	Accessibility Extremely High - This item is a extremely high barrier to the access to capital challenge.	Accessibility High - This item is a high barrier to the access to capital challenge.	Accessibility Medium - This item is a medium barrier to the access to capital challenge.	Accessibility Low - This item is a low barrier to the access to capital challenge.	Accessibility Minimal - This item is a minmal barrier to the access to capital challenge.