In 2009, pilots Eric Monson and Sandy Hoff were off to a great start. They received a short-term lease on a helicopter and tested the market for flight training and tours. They knew additional opportunities existed, but they lacked the funds to purchase the helicopter and the strategic expertise to expand their business.
How can a fledgling company fund growth and effectively leverage long-term opportunities?
Flexible financing and ongoing strategic support from the Entrepreneur Fund gave Lake Superior Helicopters the capacity to:
- Invest in needed assets, including two helicopters
- Expand the business’s geographic footprint and diversify its revenue streams
- Capitalize on two sizable opportunities – a partnership with Lake Superior College and a major acquisition
Since its founding, Lake Superior Helicopters has had annual growth averaging 30% and is nearing a 20 employee staff.
In addition to creative financing, we offer customized strategic support from expert advisors.