Types of Loans
Whether getting a business off the ground or growing to the next level, Northern Initiatives' numerous lending programs and robust business service offerings enable business owners and entrepreneurs to make dreams come true.
MICROLOANS
$1,000 - $50,000
Great for starting a new business, equipment purchases, or working capital.
BUSINESS LOANS
$50,001 - $500,000
Great for starting a new business, buying an existing business, or expanding your business.
HEALTHY FOOD ACCESS
$2,500 - $300,000
Great for new and existing healthy food production, distribution, processing, and retail projects that will increase fresh food in underserved communities.
SMALL BUSINESS LOANS
$25,000 - $250,000
SBA Community Advantage 7A
Comes with partial guarantee by the US SBA
Great for starting a new business, buying existing business, expanding your business or equipment purchases.
CONTRACT / PURCHASE
ORDER FINANCING
$5,000 - $250,000
Great for supplementing cash flow or expanding your business.