Find the best business loan for you.
We are YOUR reliable alternative lender when traditional routes aren't working for you. We help you assess needs to either start your business or make your existing business thrive. With flexible loan terms and affordable loan rates, we are your go-to resource when you get stuck.
New Business
Micro Loan
(Up to $50K)
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Terms: Up to 36 months
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Documentation: Personal Federal income tax returns for last 3 years; Business plan including 24 month projection.
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Collateral: Required
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Use of Funds: Equipment, inventory, working capital
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Pre-Payment Penalty: None
Only available in the following Northern Michigan Counties: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, Wexford.
Existing Business
Small Business Loan
(From $50K to $250K)
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Terms: Up to 60 months
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Qualifications: 2 years in business. On-time payment history
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Documentation: Business financial statements, Personal & Business Federal tax returns for last 3 years
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Collateral: Required
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Use of Funds: Equipment, inventory, working capital, short-term bridge financing, gap financing, real estate
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Pre-Payment Penalty: None
Only available in the following Northern Michigan Counties: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, Wexford.
TCLP Customer
Energy Efficiency Loan
(Up to $50K)
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Terms: 0% interest, length of term based on estimated energy savings
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Qualifications*: Must be a Traverse City Light & Power commercial or industrial customer in good standing making energy efficiency upgrades (not new construction)
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Documentation: Business financial statements & Business Federal tax returns – Last 2 years
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Use of Funds: Energy Efficiency electrical upgrades/products
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Pre-Payment Penalty: None
*Borrower must complete a Traverse City Light & Power Application and receive approval in addition to the Venture North loan application and approval process.