Venture North Helps Cherry Republic Expand Downtown TC Location
TRAVERSE CITY – A $150,000 business loan from Venture North helped complete expansion of a landmark business in downtown Traverse City.
Cherry Republic owner Bob Sutherland secured a $150,000 loan from Venture North’s Development Fund to be used for gap financing on a $1 million expansion and renovation of Cherry Republic’s retail store at 154 E. Front in downtown Traverse City.
Venture North, formed through a recent merger of the Traverse City Area Chamber Foundation and Traverse Bay Economic Development Corporation, holds more than $5 million in assets for business financing across the 10 county region.
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