Financing
 

Micro-Lending

Microenterprise development industry has defined microenterprises as a business with five or less employees, that require $35,000 or less in start up capital, and that do not have access to the traditional commercial banking sector. NEPG’s microenterprise development program is modeled after similar successful programs located in Michigan and nationwide. Microenterprise development programs have been instrumental in transforming lives and improving the economic well being of the communities they serve.

Micro Loan Fund
Amount: $42,500
Total Loans: Seven (7)
Maximum Loan: $5,000 first
$10,000 after first repayment
Rate: 9% estimated
Term: Five (5) years estimated
If you would like any further information please don’t hesitate to contact Mark Meldrum, NEPG's Director of Operations.

 

WE ARE ECONOMIC DEVELOPMENT

526 North Burdick Street Kalamazoo, MI 49007
Phone: (269) 342-5655
Fax: (269) 342-6035
© 2006 Northside Economic Potential Group