For more information, visit www.enterprisegroup.org and look for Northern Initiatives Program under State Resources.
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New Financial Support Available for Small Businesses Impacted by COVID-19
The Michigan Strategic Fund (MSF) approved the $2 million Northern Initiatives Program through MEDC’s Capital Access program to provide micro and small business loans to Michigan businesses that have been most impacted by the COVID-19 outbreak, including restaurants, coffee houses, retail stores and service providers. These funds can be used to provide loans ranging from $5,000 to $250,000 for working capital, acquiring machinery and equipment and to support inventory needs during this public health crisis.