New Eagle Receives Microloan from Local Fund

New Eagle, a Ypsilanti, Mich.-based provider of tools, products, services, and solutions for mechatronic controls, has received the first loan from the Eastern Washtenaw Microloan Fund.
The company, which is focused on the EV, hybrid power train and alternative energy markets, will use the funds to commercialize its MotoHawk® software.
The $225,000 Eastern Washtenaw Microloan Fund is part of the $1.5m Michigan Microloan Fund Program, which provides microloans available ranging from $10,000 to $50,000. To qualify, companies must be a small business located in Michigan, have the rights (ownership or license) to innovative technology, and be privately held. 

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