At a glance
From its website, read 4 Nov 2026Northern Shores Community Development, Inc. is a loan fund based in Harbor Springs, Michigan. Its website describes farm loans, credit-builder loans, small-dollar emergency loans and 4 other loan types. Stated loan amounts run from $500. Business loan rates stated on its site range from 6.5% to 10%.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (231) 347-6753 source |
|---|---|
| info@nscdi.org source | |
| Website | nscdi.org |
| Office (official list) | 8492 M119, Harbor Springs, MI 49740 |
What their website says about applying
The application process begins with meeting with the Executive Director or Loan Officer to review the status of the business and the required loan documentation necessary prior to completing an application.
sourceLast 2 years tax returns (personal and/or business), completed and filed.
sourceFinancial Statements - Income and Balance Sheets (last quarter)
sourcePersonal Financial Statement
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 4 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Agriculture / farm loans | Rate: 6.5%–8% | Farm Program: Interest Rate: 6.5%-8% | source |
| Credit-builder loans | Rate stated, not as an APR: see their wording | Credit Builder Loans: Interest Rate: 10%, Term: up to 36 months | source |
| Personal / consumer loans | Rate stated, not as an APR: see their wording | Personal Loans: Interest Rate: 10% to 14% | source |
| Personal / consumer loans | Rate stated, not as an APR: see their wording | Small Dollar Loans: Interest Rate: 10% | source |
| Small-business loans | Rate: 7%–10% | Business Loans Program: Interest Rate: 7%-10% | source |
| Credit-builder loans | Term: see their wording | Credit Builder Loans: Interest Rate: 10%, Term: up to 36 months | source |
| Personal / consumer loans | Term: see their wording | Term: up to 36 months, up to $2,500.00. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral required
Loans may be made to eligible applicants who demonstrate the financial ability to repay the loan and enough assets to collateralize the loan.
source - Training or counseling required
Financial education and credit counseling are required upon approval of the loan and required during the life of the loan.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | Yes |
| Date certified (as listed) | 16 Oct 2026 |
| RSSD ID | — (none listed) |
| Address | 8492 M119, Harbor Springs, MI 49740 Directions (Google Maps) |
| Website | nscdi.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 4 Nov 2026Read from 6 pages of the lender's website on 4 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Business loan upper limit is open-ended and the service area definition is not spelled out on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Agriculture / farm loans | — | Farm Program: Interest Rate: 6.5%-8% | source |
| Credit-builder loans | — | Credit Builder Loans: Interest Rate: 10%, Term: up to 36 months | source |
| Small-dollar / emergency loans | up to $2,500 | Term: up to 36 months, up to $2,500.00. | source |
| Energy / solar / efficiency loans | — | Energy Efficient and FARM loans to the entire state of Michigan. | source |
| Microloans | $500 – $5,000 | Loan amounts from $500 – $5000 | source |
| Personal / consumer loans | — | Personal Loans: Interest Rate: 10% to 14% | source |
| Small-business loans | from $5,001 | Loan amounts from $5001 and up | source |
Loan sizes
Loan amounts from $500 – $5000
sourceLoan amounts from $5001 and up
sourceTerm: up to 36 months, up to $2,500.00.
sourceLoan Amount More than $5000
source
Range used for the size filter: $500 to not stated
Service area
Not stated on the pages we read.
Borrower focus
- Native American / Alaska Native / Native Hawaiian
The mission of Northern Shores Community Development, Inc. is to assist primarily American Indian communities and other underserved Michigan residents
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 4 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What is the largest loan you make?
Their website gives a minimum ($500) but no maximum. - What is the APR, including fees, on your credit-builder loans and small-dollar emergency loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$3.2 million in 13 awards from the U.S. Treasury's CDFI Fund, 2008–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Small Dollar Loan Program | $172,451 |
| 2022 | Small Dollar Loan Program | $98,267 |
| 2021 | CDFI Rapid Response Program | $200,000 |
| 2021 | Native American CDFI Assistance (NACA), Financial Assistance | $250,000 |
| 2020 | Native American CDFI Assistance (NACA), Technical Assistance | $150,000 |
| 2019 | Native American CDFI Assistance (NACA), Financial Assistance | $300,000 |
| 2017 | Native American CDFI Assistance (NACA), Financial Assistance | $522,000 |
| 2015 | Native American CDFI Assistance (NACA), Technical Assistance | $149,996 |
| 2012 | Native American CDFI Assistance (NACA), Technical Assistance | $149,999 |
| 2011 | Native American CDFI Assistance (NACA), Financial Assistance | $725,000 |
| 2010 | Native American CDFI Assistance (NACA), Technical Assistance | $149,599 |
| 2009 | Native American CDFI Assistance (NACA), Technical Assistance | $146,871 |
| 2008 | Native American CDFI Assistance (NACA), Technical Assistance | $147,885 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $1.3M |
|---|---|
| Total liabilities | $102,511 |
| Net assets | $1.2M |
| Total revenue | $299,339 |
| Notes and loans receivable, net (Part X line 7) | $572,239 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 37-1548658, filed as “NORTHERN SHORES COMMUNITY DEVELOPMENT”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $1.6M | $1.5M | $743,057 | — |
| Dec 2022 (990) | $1.4M | $1.4M | $125,673 | — |
| Dec 2023 (990) | $1.3M | $1.2M | $299,339 | $572,239 |
Total assets fell 15% from Dec 2021 to Dec 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $1.3M | Larger than 6% of the 16 other certified loan funds and venture funds in Michigan with a matched Form 990 (median $8M). |
| Business loan rate its website stated (4 Nov 2026) | 6.50% to 10.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 0.5 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Michigan | 16 | larger than 6% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
Other certified CDFIs in Harbor Springs and Michigan
- American 1 Credit UnionCredit union · Jackson, MIAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Awakon Federal Credit UnionCredit union · Onaway, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home mortgages…Verified
- BlueOx Credit UnionCredit union · Battle Creek, MIAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
- CASE Credit UnionCredit union · Lansing, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home repair / improvement loans…Verified
- COMMUNITY FIRST FEDERAL CREDIT UNIONCredit union · Lakeview, MIAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- CORE Community PartnersLoan fund · Bingham Farms, MIAffordable housing development loansVerified
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