Providing Loans and Services to Create Jobs and Enable Communities
Northern Initiatives is a Community Development Financial Institution. We’re in business to provide loans and business services to small business owners and entrepreneurs who create jobs and enable the communities of Michigan and neighboring Wisconsin to thrive.
We have extensive experience in launching
and growing small businesses.
Money Since 1992
loaned to small
of loan customers receive online money, marketing and management support
Who We Serve
What’s a CDFI?
Community Development Financial Institution (CDFI) is a private financial institution that provides loans to small business owners, entrepreneurs, and community organizations that might not qualify for loans from traditional banks for a variety of reasons. Many times, lending is focused on low-income, disadvantaged, and underserved communities.
CDFIs are certified by the Community Development Financial Institution Fund (CDFI Fund) and the U.S. Department of the Treasury, which provides funds to CDFIs through a variety of programs.