Business man standing in front of sign

Financing and Guidance for Growth: Deerwood Technologies

Twenty years ago, not many would have predicted that Minnesota’s Cuyuna Range would become competitive in the technology services industry. As significant investments were made to technology infrastructure in the region, Jim Mayne, President at Deerwood Technologies, recognized an opportunity to become the premier IT solutions provider in central Minnesota.

How can a small IT services provider in rural Minnesota meet the needs of an ever increasing customer base?

Business funding and strategic services from the Entrepreneur Fund helped Deerwood Technologies to:

  • Satisfy their contract for deed and secure their office building
  • Think strategically about growing the business
  • Invest in expanding talent on the team

With financial stability and an office with room for growth, Deerwood Technologies was able to take a step back and see the big picture for their business. “They helped us look at our business with a different set of eyes,” explained Mayne. “Working with an Entrepreneur Fund business advisor helped us plan for strategic growth.”

EFund Fact:
We fuel businesses for growth. Our strategic support services and business funding up to $750k enable businesses to streamline, expand and scale.

Support at Every Stage

Eric Faust had a long-range vision for a business that would put Duluth coffee on the map. Duluth Coffee Company got its start as a small wholesale roastery selling at farmers markets from the bed of Faust’s ’91 Ford F-150.