Northern Initiatives Prosperity. Money and Know How

Business Loans

Money and Know How. We provide both.

When you receive a loan, you'll also receive access to powerful tools, resources, and training to help you meet the everyday challenges of growing your business.

Looking for a loan to start or grow your small business, but can’t get bank financing? We are ready to help.

GET STARTED

We are dedicated to providing you with both the capital and know how you need to grow your business, acquire one, or start one of your own.

As a nonprofit lender, we help entrepreneurs who are unable to get all or part of the capital they need from a bank. Our business loans range from $1,000 to $500,000 and we are flexible around collateral and equity.

We provide small business loans throughout Michigan and bordering Wisconsin.

Complimentary business services to help you grow

We want to maximize your growth opportunities and position you for success. Every one of our loans comes with complimentary access to our business services:

INITIATE

24/7 access to interactive calculators, how-to videos, quick reference guides, and templates.

COACHING SERVICES

We want you to have the resources you need to reach your business goals. Your business coach will support you as you work through the everyday challenges and opportunities specific to your business.

Service Area Map

Types of Loans

Whether getting a business off the ground or growing to the next level, Northern Initiatives' numerous lending programs and robust business service offerings enable business owners and entrepreneurs to make dreams come true.

MICROLOANS
$1,000 - $5,000

UP
TO

10

YEAR
TERM

AT A

FIXED
RATE

Great for starting a new business, equipment purchases, or working capital.

BUSINESS LOANS
$50,001 - $500,000

UP
TO

10

YEAR
TERM

AT A

FIXED
RATE

Great for starting a new business, buying an existing business, or expanding your business.

HEALTHY FOOD ACCESS
$2,500 - $300,000

UP
TO

7

YEAR
TERM

AT A

FIXED
RATE

Great for new and existing healthy food production, distribution, processing, and retail projects that will increase fresh food in underserved communities.

SMALL BUSINESS LOANS
$25,000 - $250,000

UP
TO

25

YEAR
TERM

AT A

FIXED OR
VARIABLE
RATE

SBA Community Advantage 7A
Comes with partial guarantee by the US SBA
Great for starting a new business, buying existing business, expanding your business or equipment purchases.

CONTRACT / PURCHASE
ORDER FINANCING
$5,000 - $250,000

UP
TO

10

YEAR
TERM

AT A

FIXED
RATE

Great for supplementing cash flow or expanding your business.

We take small business owner's needs seriously - in order to process and close the unprecedented number of new loan applications we have received, we are pausing our application process.

Thank you for your patience.

"There is help available, and from good people. Northern Initiatives brought technical, financial, and marketing tools to my business. I intend to share what I have learned with other small businesses in Battle Creek. We need to support each other."


Javier Fortoso

TORTI TACO


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