Application

How to Apply

The Michigan Employment Loan Fund is a loan program, not a grant, which means you will have to repay your loan by making loan payments to Option 1 Credit Union. You may choose the day of the month your loan payments are due. Payments begin the month after your loan documents have been signed.

  • Click here to download the Microsoft Word application
  • Click here to download the Adobe Acrobat application
  • To have an application mailed to you, send an email to [email protected], or call us at 1.800.828.2714
  • Mail completed loan application to:Michigan Employment Loan Fund
    c/o United Cerebral Palsy of Michigan
    4970 Northwind Drive, Suite 102
    East Lansing, MI 48823

Sample Payment Schedule
Use the chart below to estimate what your monthly payment might be. Actual rates may vary from the table below:

1 Year 2 Years 3 Years 4 Years 5 Years
$500.00 $43 $22 $15
$1,000.00 $86 $45 $31 $24 $20
$4,000.00 $346 $179 $123 $95 $79
$10,000.00 $864 $447 $307 $238 $197
$15,000.00 $1,297 $670 $461 $357 $295
$20,000.00 $1,728 $893 $615 $477 $394