In a recent interview with Xconomy, local start-up Buycentives cites Ann Arbor SPARK’s microloan funding program as critical support for its growth. Buycentives also mentions its time as part of our incubator as having impacted its evolution to date.
“The startup, founded in 2009 and incubated at the Ann Arbor SPARK program, is talking with potential customers in the auto space and is looking to begin a pilot program in the coming months. The company received a loan earlier this year through the Michigan Microloan Fund Program at Spark, and is starting to talk to seed and angel investors, Murphy says. Buycentives didn’t disclose the exact size of its loan, but in February Spark announced it had given a loan worth a total of $95,000 to Buycentives and two other area startups. Individual loans through the program range $10,000 to $50,000.”
We’re excited about Buycentives’ continued success and look forward to reading more about the company as it continues to grow in the Ann Arbor region!
