A Quick Chat with Traverse City SCORE
Updated: Dec 2, 2019
Our Executive Director, Laura Galbraith, sat down with the Traverse City SCORE chapter for a quick chat on Venture North's funding options for small businesses. With partners like SCORE, we can meet the needs of small businesses all over Northern Michigan.
What does Venture North do?
Venture North provides a line of financing products for start-ups and established small businesses. For those with less than 2 years of financial history, loans ranging from $1,000 to $50,000 can be obtained for expenses like working capital, inventory, and equipment.
Anything for existing businesses?
Absolutely, for businesses looking to sustain or expand operations, we offer loans up to $250,000 for a multitude of needs like working capital, equipment, inventory, short-term bridge loans, and other creative capital.
What do you provide that most people don't know about?
Well, we also provide technical assistance, valuable resources and we help build business connections before, during, and after loan closing. Our clients have access to free or reduced cost professional technical assistance such as legal, marketing and accounting services. Venture North connects clients to a network of business, community, and economic development partners. Access to these resources helps our clients break through barriers so that they can create value for our communities.