(Up to $50K)

• Terms: Up to 36 months

• Documentation: Personal Federal income tax returns for last 3 years; Business plan including 24 month projection.

• 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.

(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 for last 3 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.

(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

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*Borrower must complete a Traverse City Light & Power Application and receive approval in addition to the Venture North loan application and approval process.