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Capital Access Program (CAP) The Capital Access Program (CAP), established in 1986, was a state secured business loan program that became a popular economic development tool for banks. It essentially allowed banks to make business loans that may represent more risk that they would normally make. The program ended in 2002 due to lack of funding. The MBA lobbied successfully to reinstate this valuable program and it is now up and running. The program is administered by the Michigan Economic Development Corporation (MEDC), but banks essentially run their own CAP accounts. For more information, contact the MEDC’s Steve Haakenson at 517-241-4522, haakensons@michigan.org, or the MBA’s Gail Madziar at 517-342-9059, gmadziar@mibankers.com. You can also download a primer and agreement form from this webpage.
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