Regional Revolving Loan Fund

Will your new project result in the creation of jobs?
You may want to consider a loan from this fund.

What is the Regional Revolving Loan Fund?

Designed to encourage and support economic growth and community revitalization efforts, these loan funds generally support training, working capital, equipment financing, and renovation. To qualify, for every $20,000 loaned out one full time equivalent job must be created.

 

You may be interested in these funds if:

  • You are a start-up or existing business that might not qualify for traditional financing.
  • You want to help support local community development efforts. How? The revolving loan fund is able to grow and provide more money to more businesses as principal and interest are paid back on existing loans. Providing additional businesses with access to funds and encouraging economic growth and community revitalization efforts. That’s prosperity for all!
  • Your business is located in one of these communities:
  • Iron County
  • Village of Ontonagon
  • Spalding Township
  • City of Kingsford
  • Baldwin Township
  • Village of Baraga
  • City of Gladstone
  • City of Escanaba
  • City of Ironwood
  • Luce County
  • Marquette County
  • City of Menominee
  • City of Mount Pleasant
  • Iosco County
  • City of Rodgers City

Questions? Contact Chuck Hurst.
(906) 226-1663


Like any other loan Northern Initiatives offers, every one of these loans comes with complimentary access to a suite of practical trainings and tools that matter most – money, marketing, and management.