Northern Shores Loan Fund, Inc. (NSLF) is nonprofit corporation established to assist entrepreneurs of Northern Michigan with education, training, business incubation and access to capital that fosters economic development for the Northern Michigan community. They offer a variety of loan products including micro-loans and larger small business loans. NSLF provides loans to those businesses that have found it difficult to meet conventional lending institution requirements. They were recently awarded $725,000, for small business lending.
“Receiving this large award… allows us to increase our lending maximum limits per client from $15,000 to $100,000, enabling us to assist a wider base of Northern Michigan entrepreneurs who are unable to obtain conventional loans to successfully operate in Northern Michigan,” stated Lisa McComb, NSLF Executive Director. Northern Shores Loan Fund, Inc. will now be able to make an even larger impact than it already has in the communities it serves by strengthening its economic development outreach through increased lending services and financial product development.
NLEA has been pleased to utilize Northern Shores Loan Fund as an effective option for loans to business clients. With NSLF’s increased funding, NLEA clients will have loan opportunities for even greater amounts. NLEA is excited to hear about the growth of an important partner.
For more information visit the NSLF website at www.northernshoresloanfund.org.