June 2016: Business Briefcase

American Wine Society honors Coyote Moon

Coyote Moon Vineyards’ 2013 Marquette Special Reserve was named among the “Top 21 Wines to Watch” by Ellen Landis of the American Wine Society’s Wine Journal. [Read more…]

A good tool to grow your business

It’s no secret that all businesses need funding. Business owners go through a variety of avenues to obtain funding and can often be met with frustration and rejection. Through personal conversations with a number of business owners, professional peers and friends, I hear over and over again that “there is no money to borrow” and that “lending institutions are not lending.” Despite these frustrations and concerns, options are available for financial assistance.

The lending environment is actually becoming increasingly competitive because institutions do have capital to lend. In today’s environment, lenders are looking for creative and beneficial ways to provide loans to businesses. The old banking adage that “cash is king” still rings true today as businesses fight to hold onto their own capital. Businesses can never have too much cash and banks want to work with businesses that have cash. With the Small Business Administration’s 504 program, businesses can access capital on favorable terms as well as help preserve some of their own cash. [Read more…]