Despite the growing public enthusiasm for purchasing locally-produced food, such as eggs, the business of producing that food is rife with hazards like climate, predators and paper-thin margins. Jason and Lucie Amundsen of Locally Laid Egg Company had met with early success, but knew a surprise setback could hamstring their young company.
How can an emerging company lessen their vulnerability to predators, climate and variable cash flow?
Flexible financing through The Entrepreneur Fund gave Locally Laid the capacity to:
- Augment its flock on short notice
- Invest in a farm in Wrenshall, Minnesota, and mitigate climatic and predatorial threats to livestock as well as creating ancillary revenue
- Generate supplementary cash flow through property rental and hay production
Locally Laid placed second (out of 15,000 small businesses) in the Small Business Big Game contest sponsored by Intuit, maker of Quickbooks.
We can issue loans up to $250k, with more flexible lending requirements and usage terms than those offered by a traditional bank.