The Northland Foundation provides flexible, reasonably priced financing to eligible businesses, mostly in conjunction with other lenders. The main goals of the program are to stimulate private sector investments and to help borrowers create and retain jobs, which enhance the region’s economy.
There are two types of Business Loans. The first is a direct loan in which the Northland Foundation is the originator of the note. The second is a participation loan in which the Northland Foundation purchases a part of a loan from another lender.
If you have questions, email Michael Colclough, Director of Business Finance, or call (218) 723-4040 or 1-800-433-4045.