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Business Finance Program News

New loan supports Chisholm-based startup


The Northland Foundation recently closed an Emerging Entrepreneur loan for a northern St. Louis County business.

Willow Rook Ranch Equine Massage Therapy is a veteran-owned startup located in Chisholm. The owner, Brad Castigneri, offers individualized injury care, pre- and post-event and preventative massage and stretching services for horses, as well as select therapy services for dogs and pigs.

To learn more about Business Services and loan tools available, please email our Business Finance Director, Michael Colclough.


Taking the regional economic and business lending pulse


As restrictions put into place during the pandemic are being lifted another "new normal" is emerging across the region, state, and nation.

 

Northland Foundation's Business Finance Director, Michael Colclough along with Betsy Olivanti and Vicki Hagberg, consultants with the Northland Small Business Development Center, recently shared their observations on northeastern Minnesota's current small business and lending landscape.

Positive Developments

Current Challenges

Access to Capital

"The pandemic has created many challenges for our regional economy, but we are bullish on the future. The silver lining we have seen is the resiliency of our small business owners, from restaurants pivoting to online ordering, delivery, and curbside pickup to many more individuals deciding to take the plunge and start their own businesses," concluded Michael Colclough.