The Michigan Strategic Fund (MSF) approved the $2 million Northern Initiatives Program through MEDC’s Capital Access program to provide micro and small business loans to Michigan businesses that have been most impacted by the COVID-19 outbreak, including restaurants, coffee houses, retail stores and service providers. These funds can be used to provide loans ranging from $5,000 to $250,000 for working capital, acquiring machinery and equipment and to support inventory needs during this public health crisis.