Start Garden and Northern Initiatives have partnered to increase the startup funds for the annual 100 competition!
An option for the 10 finalists to receive loans from Northern Initiatives brings the total in startup awards for the Start Garden 100 to $500,000. Northern Initiatives, a community development financial institution, has been providing capital and support to small businesses across Michigan for 30 years.
Each of the 10 winners will be offered up to $20,000 as a loan from Northern Initiatives in addition to the $20,000 no-strings-attached grant that Start Garden awards. It will be up to each individual entrepreneur to decide if they want to accept the $20,000 loan according to where their business is at the time. This is potentially up to $40,000 to put into your business!