Chamber Blog
 Ruth Ann Hanson  Lisa Paxton  Kathi Nagorski 
Shannon Janco
Access to Business Capital - Focus on Your Future
Wednesday, May 6, 2009
Planning for the start up or expansion of a business is critical to survival. Thinking ahead and researching all the possible alternatives and options will flush out any possible problems that would impede success of the business endeavor. It is crucial to understand your product and market, the management team, and how your cash flow affects the business from day to day. By working with your banker and others you can enhance your ability to access business capital. The Small Business Development Center ( SBDC) located at Central Lakes College and the Brainerd Lakes Area Development Corporation ( BLADC) offer an array of services to assist entrepreneurs and businesses with their start up or expansion projects. The SBDC and BLADC also help determine which economic development lending programs may fit a project’s financing needs. Elissa Rogers Economic Development Specialist, Brainerd Lakes Area Development Corporation
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The article 'Access to Business Capital - Focus on Your Future' emphasizes the importance of capital for businesses and strategic planning for long-term success. It suggests expanding on case studies of businesses that effectively utilized various funding sources to provide practical insights. It also suggests including information on alternative funding options like crowdfunding or grants for a comprehensive view of diverse capital sources. The article also explores the evolving landscape of fintech and quotes from successful business owners to inspire readers and reinforce the message of perseverance in entrepreneurship.
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