Business Lending Continuum

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Potential sources of capital are available for both start-up and existing businesses in the Grand Traverse region. This list shows both traditional and alternative lending sources from Pre-Start Up to Succession. Click the name to find out more information.

Remember — The five key elements a borrower should have to obtain credit: character (credit score, borrowing history), capacity (sufficient cash flow to service the debt obligation), capital (net worth), collateral (assets to secure the debt), and conditions (experience of the business owners, competition, and overall economic conditions).

LOAN FUNDING

Agape Fund
Cherryland Electric Cooperative Loan Fund
Count Me in For Women’s Economic Independence
Develop Michigan (Commercial Real Estate)
Green Path
Greenstone Financial
Grow Michigan
Hickory Capital
Kalkaska County EDC Loan Fund
Michigan Women’s Foundation
Northern Initiatives
Northern Shores Loan Fund
Opportunity Resource Fund
Peer to Peer (Prosper.com)
USDA Beginner Farmer & Rancher Loans
Venture North USDA Loan Fund
Venture North Development Fund
Venture North Community Development Block Grant Loan Fund
Venture North Sub Micro Loan

ENERGY EFFICIENCY LOAN FUNDS

Michigan Saves
PACE Energy Efficiency Loan Program
Venture North TCLP 0% Energy Efficiency

LOAN PROGRAMS

MEDC Collateral Support Programs
USDA Rural Development Loan Guarantee
SBA 7a Loan Programs
SBA 504 Loan Programs

GRANT FUNDING

Utopia Fund
As Local As Possible
Amber Grants for Women in Business
Michigan State University – Library of Grants for Nonprofits
Michigan Department of Agriculture and Rural Development (MDARD)
Eileen Fisher Grant Program

CROWD FUNDING

Indiegogo
Kickstarter

INVESTMENT FUNDING

Start Garden
Northern Michigan Angels
Belle Capital USA
Golden Seeds – Investment Firm
Ceres Venture Fund – Investment Fund