Why Northern Initiatives | Northern Initiatives
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Why Northern Initiatives

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

$60 M+
loaned to small business ownersloaned to small
business owners
1,030
loans made
loans made
4,629
 jobs created and retained
jobs created
and retained

Know How

100%
100% of loan customers have access to online money, marketing and management support
of loan customers receive online money, marketing and management support

Who We Serve

Underserved communities
73%

underserved
communities

Women owned
30%

women
owned

Start-ups
29%

start-ups

Industry Breakdown

Manufacturing
29%

manufacturing

Services
21%

services

Retail trade
11%

retail trade

Tourism
24%

tourism/
hospitality

Professional services
7%

professional
services

Real estate/other
8%

real estate/
other

What’s a CDFI?

Northern Latitudes Distillery

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.