Business lender allows more flexibility, more risk

By Sandi Krasowski, Local Journalism Initiative Reporter  Obtaining loans — for some entrepreneurs — can be the best way to start businesses, and there are many options for them to finance the lending. Thunder Bay Ventures, which is a community futures development corporation, offers several different loan programs that provide loans of up to $600,000. Maria Vidotto, a manager at Thunder Bay Ventures, said they are an “alternative or a partner” to a traditional bank. “We differ from traditional lenders as we can offer payment flexibility without penalties and can also take on more risk,” she said. “Our loan approvals are made by a group of dedicated local investment committee members, formed by our board of directors, who understand the needs of the entrepreneur and our community.” Thunder Bay Ventures…

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