Small Business & Micro Loans

Small Business Lending & Technical Assistance

Do you have a successful small business that is growing and struggling to obtain the financial assistance to take it to the next level? Have you always wanted to start a business but didn’t know where to begin? Northern Shores Community Development, Inc. (“NSCD”) is here to help!

Northern Shores Community Development, Inc. is a new 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. We offer a variety of loan products including micro-loans and larger small business loans.

Northern Shores Community Development, Inc. is an emerging Community Development Financial Institution (CDFI) providing loans to those businesses that have found it difficult to meet conventional lending institution requirements. CDFI’s bridge the gap between the economic mainstream and economically disadvantaged people and communities.

Assistance for New & Existing Businesses

Whether you have an idea for a new business and are unsure of where to begin, or you are an established business and feel you are missing the tools to take it to the next level, Northern Shores Community Development, Inc. has the resources available to help entrepreneurs succeed through lending and technical assistance.

Technical Support Areas:

  • Web-based Marketing
  • Business Plan Development
  • Credit Counseling
  • Accounting Principles
  • Business Structuring
  • Business Tax Preparation
  • Business Software Education

We have also have had the great opportunity to partner with students from MSU’s Business Program. Each year, NSCD picks a couple of clients to work with Interns from MSU to help grow their business. MSU students have helped with marketing plans, Website Design, Accounting and more.

We offer the following types of loans for your Entrepreneurial Needs:

  • Micro Loans: Loan amounts from $500 – $5000
  • Business loans: Loan amounts from $5001 and up

Consumer Loans:

Small Dollar Loan (Signature Loan) is a loan that is set at a fixed rate. Uses of the loan are flexible and can include emergency needs, paying off higher debt, purchasing a larger item, and a credit builder. Financial education and credit counseling are required upon approval of the loan and required during the life of the loan.

To speak with a representative from NSCD, please call (231)347-6753 for an appointment.