Small Business Loans for Northern Michigan

Find the best small 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.

Micro Loan

(Up to $50K)

Terms: Up to 36 months
Documentation: Personal Federal income tax returns – Last 2 years, Business plan and projections
Collateral: Required
Use of Funds: Equipment, inventory, working capital
Pre-Payment Penalty: None

Only available in the following Northern Michigan Counties: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, Wexford.

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Small Business Loan

(From $50K to $250K)

Terms: Up to 60 months
Qualifications: 2 years in business. On-time payment history
Documentation: Business financial statements, Personal & Business Federal tax returns – Last 2 years
Collateral: Required
Use of Funds: Equipment, inventory, working capital, short-term bridge financing, gap financing, real estate
Pre-Payment Penalty: None

Only available in the following Northern Michigan Counties: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, Wexford.

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Energy Efficiency Upgrades

(Up to $50K)

Terms: 0% interest, length of term based on estimated energy savings
Qualifications*: Must be a Traverse City Light & Power commercial or industrial customer in good standing making energy efficiency upgrades (not new construction)
Documentation: Business financial statements & Business Federal tax returns – Last 2 years
Use of Funds: Energy Efficiency electrical upgrades/products
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.

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Venture North Funding & Development is a U.S. Treasury certified Community Development Financial Institution. All loan applications are subject to credit review and loan committee approval. The loan closing fee is a one-time fee paid at the time of closing in the amount of $250 or 1% of the loan amount, whichever is greater. Pricing and terms subject to change.