New Fund Created To Assist Local Entrepreneurs
Marquette, MI – (Great Lakes Radio News) – The Lundin Foundation, Eagle Mine and Northern Initiatives have announced a new program intended to benefit area entrepreneurs.
The Eagle Emerging Entrepreneurs Fund is designed to enhance the accessibility and affordability of loans and technical assistance to micro- and small enterprises in Marquette County.
The Fund will be managed by Northern Initiatives, who will be responsible for assessing and approving eligible loans.
The Fund will provide a total of $750,000 for start-ups and existing businesses.
Loans may take the form of unsecured working capital or asset finance and will generally range from $5,000 – $50,000 with repayment periods of up to 5 years.
The fund will accept applications on a year-round basis, beginning immediately.
Further details can be found on the Eagle Mine and Northern Initiatives.