Sometimes the best place to look for help with your small business is right in your backyard.
Colorado skin care and health food company EmNet Organics had built a dedicated nationwide following through its online sales platform. The minority- and women-owned business had already built a successful personal care product line and wanted to expand its healthy juice and detoxification production.
Unfortunately, EmNet Organics couldn’t receive a traditional bank loan; the company’s limited operating experience seemed to be an impossible road block. But even though the bank had declined the loan application, a banker mentioned that Connect2Capital might help.
After going to Connect2Capital.com, the business owners pre-qualified for a $25,000 Healthy Foods Loan from the Colorado Enterprise Fund (CEF), a local Community Development Financial Institution serving Colorado; just one of dozens using the Connect2Capital platform.
Once CEF reviewed the company’s loan request in more detail, EmNet Organics received a $40,000 loan, $15,000 more than originally sought. This allowed the company to pay off an expensive online loan, improve its cash flow position, invest in marketing, and purchase new commercial juicing equipment to fulfill growing demand.
As a result of the loan and relationship with CEF, EmNet Organics is poised to grow in the future through diversified product offerings, an expanding customer base, and a healthier overall financial position.