States Served
Top Industries Financed
- Limited-Service Restaurants
- Breweries
- Full-Service Restaurants
- Landscaping Services
- Sporting and Recreational Goods and Supplies Merchant Wholesalers
Quick Summary
Northern Great Lakes Initiatives is an SBA-approved lender headquartered in Marquette, Michigan. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 23 SBA 7(a) loans totaling $3.8M, with an average loan size of $165K. They primarily serve Michigan businesses.
About Northern Great Lakes Initiatives
Northern Great Lakes Initiatives is an SBA-approved lender headquartered in Marquette, Michigan. Since 2020, they have approved 23 SBA 7(a) loans totaling $3.8M, with an average loan size of $165K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Michigan.
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Frequently Asked Questions
Is Northern Great Lakes Initiatives an SBA Preferred Lender?
Yes, Northern Great Lakes Initiatives is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Northern Great Lakes Initiatives approved?
According to SBA FOIA public records, Northern Great Lakes Initiatives has approved 23 SBA 7(a) loans totaling $3.8M since 2020. Their average loan size is $165K.
What states does Northern Great Lakes Initiatives serve?
Northern Great Lakes Initiatives primarily serves businesses in Michigan.
How do I apply for an SBA loan with Northern Great Lakes Initiatives?
To apply for an SBA 7(a) loan with Northern Great Lakes Initiatives, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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