At a glance
From its website, read 2 Nov 2026Venture North Funding & Development is a loan fund based in Traverse City, Michigan. Its website describes microloans and small-business loans. Stated loan amounts run up to $350,000. Where it lends: Ten northwest Michigan counties including Grand Traverse, Leelanau and Emmet.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.venturenorthfunding.org |
|---|---|
| Office (official list) | 414 E. Eighth Street, Unit 201 BoxC5, Traverse City, MI 49686 |
What their website says about applying
Just complete the short intake form (linked below) and we’ll be ready to talk
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.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 22 Jun 2017 |
| RSSD ID | — (none listed) |
| Address | 414 E. Eighth Street, Unit 201 BoxC5, Traverse City, MI 49686 Directions (Google Maps) |
| Website | www.venturenorthfunding.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 2 Nov 2026Read from 6 pages of the lender's website on 2 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: high. Express Loans are mentioned for a limited time without stated amounts, so they are omitted. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $50,000 | Up to $50,000 • Flexible terms • Equipment/inventory/working capital | source |
| Small-business loans | up to $350,000 | Up to $350,000 • Flexible terms • Low Interest Rates • Broad uses (real estate, bridge loans, growth) | source |
Loan sizes
Up to $50,000 • Flexible terms • Equipment/inventory/working capital
sourceUp to $350,000 • Flexible terms • Low Interest Rates • Broad uses (real estate, bridge loans, growth)
source
Range used for the size filter: not stated to $350,000
Service area
Ten northwest Michigan counties including Grand Traverse, Leelanau and Emmet
Emmet, Charlevoix, Antrim, Kalkaska, Leelanau, Benzie, Grand Traverse, Manistee, Wexford, and Missaukee counties in northwest Michigan.
source
Counties this matches: Emmet County, MI, Grand Traverse County, MI, Leelanau County, MI
Borrower focus
- Low- and moderate-income / underserved
We serve a wide range of small business owners, including those who have struggled to obtain traditional financing, e.g., rural, low-income, and startup entrepreneurs.
source - Rural
We serve a wide range of small business owners, including those who have struggled to obtain traditional financing, e.g., rural, low-income, and startup entrepreneurs.
source - Startups
We serve a wide range of small business owners, including those who have struggled to obtain traditional financing, e.g., rural, low-income, and startup entrepreneurs.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (6)
- https://www.venturenorthfunding.org/
- https://www.venturenorthfunding.org/affordable-loans
- https://www.venturenorthfunding.org/our-service-area
- https://www.venturenorthfunding.org/business-consulting
- https://www.venturenorthfunding.org/professional-business-consulting/initiate
- https://www.venturenorthfunding.org/business-consulting/connections-and-referrals
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Is there a minimum loan amount?
Their website gives a maximum ($350,000) but no minimum. - What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - 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$829,000 in 1 award from the U.S. Treasury's CDFI Fund, 2021 (CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2021 | CDFI Rapid Response Program | $829,000 |
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 | $7.4M |
|---|---|
| Total liabilities | $3.6M |
| Net assets | $3.8M |
| Total revenue | $987,877 |
| Notes and loans receivable, net (Part X line 7) | $2.7M |
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 38-2857500, filed as “VENTURE NORTH FUNDING AND 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) | $6.4M | $3.4M | $1.3M | $1.4M |
| Dec 2022 (990) | $6.8M | $3.8M | $1.2M | $2M |
| Dec 2023 (990) | $7.4M | $3.8M | $987,877 | $2.7M |
Total assets grew 15% from Dec 2021 to Dec 2023; notes and loans receivable rose 91%. 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 |
|---|---|---|
| Largest loan its website states | $350,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 53% of these 184. |
| Total assets, latest IRS Form 990 | $7.4M | Larger than 50% of the 16 other certified loan funds and venture funds in Michigan with a matched Form 990 (median $7.3M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 53% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Michigan | 16 | larger than 50% |
“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. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Traverse City 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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