SCALING YOUR BUSINESS

Partnering with EF to Grow Your Business

Are you exploring or ready to expand your business? Expansion looks different for everyone. It could mean more capacity to do what you’re currently doing. Maybe you want a new location or you are looking to add a new product or service line. We can help you navigate the various forms expansion can look.

Our team will walk alongside you to develop strategies and pair them with capital and tools to help you achieve your goals.

Planning starting building scaling
EF Quick Tip:
Hiring with Values
Hiring your first (or 50th!) employee can be scary - the added expense, the time you'll spend training them, turnover if they don't stick around. The best thing you can do when hiring an employee is to get to know their values. Make sure you're both on the same page and their values align with your company. If you find a good employee, don't be afraid to pay them well - good employees pay for themselves many times over.
GET CONNECTED
Roadmap: Your Plan for Growth

What does growth and success mean to you? How will you chart your path forward? Goals and a roadmap to get there is key to helping you take your business to the next level.

Meet with an advisor who will help you craft a customized roadmap for your business and business goals.

EF worked with Shelly Holmes to take her business to the next level. Learn more.

Mahkahta Trucking | Eveleth, MN

Money: Funding for Growth

The first step to securing funding for the expansion of your business is ensuring you have a solid handle and understanding of your current financial situation. Then finding sources of funding to help you grow. EF can help you through all of this.

Finance Resources

EF Lending

Lending for growth can be hard to navigate. EF is here to help you through a variety of scenarios. A few include:

  • Gap Financing: Is a bank interested, but not willing to cover your full project? We often take the role of gap financer to help.
  • Commercial Real Estate - Is a building or new site part of your plan to scale?
  • Improving your business - fund obligations to suppliers, employees or others while waiting for payments from customers.
  • Working Capital - is a common need for small businesses at this stage.

Lending products include SBA 7(a) loans, 7(a) express, or other small business loans.

Meet with an Advisor
Tools & knowledge

You know the old adage, “Give a person a fish...” We take that to heart. As your partner, we not only provide you with the tools you need to start your business, we’ll teach you how to use them and walk alongside you as you implement them in your business.

Join a Be Strategic: Grow Your Business cohort. A six-week program geared at helping you work on your business and not just in it.

Take your management and leadership skills to the next level with Ascend

Sign up for free access to Initiate our online business resource with 100’s of interactive tools, templates, videos, and guides. Great tools to get started with:

"Organizations like the Entrepreneur Fund open the possibility to have the cash to grow, invest in people, and to really be able to think outside the box.” - Janelle Riley, Owner of Syvantis Technologies

Syvantis Technologies | Baxter, MN

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