2 of 10 Receives Subordinated Loan from Michigan Fund Program

2 of 10, LLC, a Chesterfield, MI-based company that is commercializing innovative products for carrying concealed weapons, for Homeland Security and professional law enforcement markets, has received a subordinated loan of undisclosed amount from the Michigan Microloan Fund Program.

The loan is part of a $440k amount provided by the Michigan Pre-Seed Capital Fund to twelve state-based companies. Microloans available through its program range from $10,000 to $50,000.

The company intends to use the funding for its commercialization efforts related to its core product.

FinSMEs

11/04/2012

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