Express Loans

Quick decisions on capital for your small business needs and geared specifically for entrepreneurs who fit our mission*.

Express Loan

($5,000 to $25,000)

  • Terms: Up to 36 months

  • As low as 3% APR

  • Use of funds: equipment, inventory, working capital, working capital, façade improvements, etc.

  • Quick Turnaround/Approval Time

  • Startups and Established Businesses

  • Documentation: Limited

  • Pre-Payment Penalty: None

    Eligibility requirements:

  • Clean credit report and Credit Score of 651+

  • Clean background check

  • Business must be located in a low-income area or owned by individuals from low-income households or who reside in low-income areas*

  • Client must participate in customized Development Services Plan

    Required Documentation:

  • Last Fiscal Year Personal Tax Return

    o   First 2 pages and Schedule C

  • Proof of Monthly Income

  • Credit Report

  • Driver’s License

  • Business Registered with State of MI

  • Completed Venture North Application

  • One Page Business Overview

  • Letter of Support or Reference Letter

  • Most Recent Internally Prepared Financials (existing businesses only)

For help in determining if your household meets the requirements for “low-income”, please refer to this chart.

We can help determine if you are in a targeted low-income area.