Business Finance Program invests $1.4 million in six northeastern Minnesota businesses

The Northland Foundation recently approved six loans for a total investment of $1,428,000 to support economic growth and help businesses to create or save quality jobs in the region. Financing recipients are:

• BG Innovations, Inc., Duluth

• Blumberg 1831, LLC, Duluth

• Aicota Health Care Center, Inc., Duluth

The below-listed businesses received Quick Turn Loans made in partnership with the borrower's bank.

• Midwest Safety Consulting, Inc., Grand Rapids

• Aero Design & Manufacturing, Inc., Duluth

• Kickstart Preschool, Two Harbors

Through the Business Finance Program, the Northland Foundation offers flexible financing options for new or existing businesses and nonprofit organizations in northeastern Minnesota as well as Superior/Douglas County, Wisconsin. Many financing projects include partnering with a bank or other financial institution to provide the total level of financing a client needs.