SBICs provide equity capital, long-term loans, debt-equity investments and management assistance to small businesses.
SBIC Investment and Financing Companies Located in Michigan
Dearborn Capital Corp. (SSBIC)
William D. Lang, President
c/o Ford Motor Credit Corporation
The American Road
Dearborn, MI 48121
Phone: (313)337-8577 Fax: (313)390-3783
Email: wlang2@ford.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,000,000
TYPE OF CAPITAL PROVIDED
Loans
FUNDING STAGE PREFERENCE
Expansion
Later Stage
LBO
Acquisition
INDUSTRY PREFERENCE
Automotive
GEOGRAPHIC PREFERENCES
National
DESCRIPTION OF FIRM'S FOCUS
Provides financial and management
assistance to minority-owned businesses
that are suppliers of Ford Motor Company.
EDF Ventures, L.P.
Mary Campbell, Contact
425 North Main Street
Ann Arbor, MI 48104-1147
Phone: (734)663-3213 Fax: (734)663-7358
Email: lmarler@edfvc.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
InvestCare Partners, L.P.
Malcolm Moss, Manager
32330 W. 12 Mile Road
Farmington Hills, MI 48334
Phone: (248)489-9000 Fax: (248)489-8819
Email: lshipley@gmacapital.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $4,000,000
TYPE OF CAPITAL PROVIDED
Equity
FUNDING STAGE PREFERENCE
Mid Stage
Later Stage
INDUSTRY PREFERENCE
Healthcare
Medical Devices/Products
GEOGRAPHIC PREFERENCES
National
DESCRIPTION OF FIRM'S FOCUS
InvestCare provides growth capital to
established healthcare companies that focus
on services, technology & medical products/
devices. With three major hospital systems
representing 8,000 physicians & medical pro-
fessionals, we deliver more than just equity
Merchants Capital Partners, L.P.
G. Cohen, P. Beach, R. Martin, Mgrs.
24 Frank Lloyd Wright Drive
Lobby L, 4th Floor
Ann Arbor, MI 48106
Phone: (734)994-5505 Fax: (734)994-1376
Email: jwesner@merchantscapitalpartners.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Motor Enterprises, Inc. (SSBIC)
Lindsey Luttinen, VP and Treasurer
200 Renaissance Center, 10th Floor
PO Box 200, Mail Code: 482-B10-C76
Detroit, MI 48265-2000
Phone: (316)665-6083 Fax: (313)665-6208
Email: lindsey.luttinen@GM.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000
TYPE OF CAPITAL PROVIDED
Loans
FUNDING STAGE PREFERENCE
Early Stage
Expansion
Later Stage
INDUSTRY PREFERENCE
Suppliers to General Motors
GEOGRAPHIC PREFERENCES
National
DESCRIPTION OF FIRM'S FOCUS
North Coast Technology Investor, L.P.
Hugo E. Braun III, Lindsay D. Aspegren
206 S. Fifth Avenue Suite 550
Ann Arbor, MI 48104-0648
Phone: (734)662-7667 Fax: (734)662-6261
Email: hugo@northcoastvc.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
Pacific Capital, L.P.
Dan Boyle
900 Victor's Way, Suite 280
Ann Arbor, MI 48108-
Phone: (734)747-9401 Fax: (734)747-9704
Email: cfisher@whitepines.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $2,000,000
TYPE OF CAPITAL PROVIDED
Subordinated Debt w/Warrants
Convertible Debt
FUNDING STAGE PREFERENCE
Expansion
MBO
INDUSTRY PREFERENCE
Manufacturing
Value-Added Services
GEOGRAPHIC PREFERENCES
Midwest
Southeast
DESCRIPTION OF FIRM'S FOCUS
Our mission is to be an active partner in
financing and growing businesses with
proven, capable management teams and
outstanding prospects for growth.
Shorebank Capital Corporation (SSBIC)
Kathryn J. Polansky, President
228 West Washington Street
Marquette, MI 49855
Phone: (906)228-6080 Fax: (906)228-5572
Email: alan_keaton@sbk.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $0
TYPE OF CAPITAL PROVIDED
Subordinated Debt
Equity
FUNDING STAGE PREFERENCE
Acquisition
Expansion
INDUSTRY PREFERENCE
Manufacturers
Distributors
GEOGRAPHIC PREFERENCES
Midwest
DESCRIPTION OF FIRM'S FOCUS
TD Lighthouse Capital Fund, L.P.
Joan Neuscheler, Contact
303 Detroit Street, Suite 301
Ann Arbor, MI 48104
Phone: (203)629-8700 Fax: (203)629-9293
Email: mmcleish@tullisdickerson.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0
TYPE OF CAPITAL PROVIDED
FUNDING STAGE PREFERENCE
INDUSTRY PREFERENCE
GEOGRAPHIC PREFERENCES
DESCRIPTION OF FIRM'S FOCUS
White Pines Limited Partnership I
Mr. Ian Bund, President
900 Victor's Way, Suite 280
Ann Arbor, MI 48108-
Phone: (734)747-9401 Fax: (734)747-9704
Email: cfisher@whitepines.com
INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $1,220,000
TYPE OF CAPITAL PROVIDED
Convertible Preferred Stock
Debt w/Equity
FUNDING STAGE PREFERENCE
Expansion
MBO
INDUSTRY PREFERENCE
Manufacturing
Niche or Special Markets
Value-Added Services
GEOGRAPHIC PREFERENCES
Midwest
Southeast
DESCRIPTION OF FIRM'S FOCUS
To be an active partner in financing
and growing businesses with proven,
capable management teams
and outstanding prospects for growth.
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