New Fund Created To Assist Local Entrepreneurs

Filed under: U.P. News Updates |
News Update

News Update

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.

 

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