Economic vitality is key to northeastern Minnesota’s future, and that is why we are in the business of business financing.
In 1988, the Northland Foundation began providing business loans to help bridge the gaps between other sources of financing available to northeastern Minnesota businesses. Since then, we have made over $60 million in business lending investments which have been instrumental in leveraging more than $385 million in other, mostly private investments and helping to create or save more than 7,400 jobs in our region.
The program offers flexible financing to people starting new or maintaining existing businesses in the seven-county Arrowhead Region. Recipients may be for-profit or nonprofit entities that meet certain financial and social guidelines. The Business Finance Program is a certified Community Development Financial Institution.
For more details, please email Michael Colclough, Director of Business Financer, or call (218) 723-4040 or 1-800-433-4045.