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What to Expect from Your Bank

The banker’s role is a vital one on every growing business’s team. According to the Small Business Administration (SBA), somewhere between one-half and two-thirds of small businesses use financing. Those that don’t are among the many businesses that “are not growth businesses; they reach an optimal size and stay tend to stay that way. What factors influence a bank’s decision to approve a loan request? How can your bank help with your business? Find out at this Business Expansion And Retention Lunch & Learn! 

What to Expect from Your Bank2022-06-30T10:24:55-05:00

Learning over Lunch: Real Estate Wire Fraud

With a rise in electronic payments across the world, homebuyers and consumers need to be especially careful when working with their lenders and realtors to make sure that they don't release funds or personal information to the wrong person. According to a 2021 American Land Title Association (ALTA) survey on Wire Fraud, over 13,000 homebuyers/potential homebuyers were scammed out of a total of over $200 million. In addition, the losses due to fraud have risen due to the pandemic, from $1.8 billion in 2019 to $3.3 billion in 2020. To help the community better understand wire fraud, title insurance, and the other risks that come with the purchase of property, Knight Barry Title Group asked the CEDC to bring people together at the Willow in Chippewa Falls to learn about how to prevent [...]

Learning over Lunch: Real Estate Wire Fraud2022-06-28T11:39:37-05:00

When to Exit

There are countless stories - we read about them all the time - businesses are being purchased left and right. As entrepreneurs, sometimes time slips away. It seems like just yesterday that the business started, and now the thoughts of "How do I get out of the success that I've created?" or "How do I sell?" start coming to mind. In our BEAR Visits and Discussions, many of the region's business owners mention that "it's about time." With this in mind, CEDC organized an intimate BEAR Lunch & Learn that approached the subject of succession planning realistically. Staying abreast of these business owners as they transition out is an important proactive economic development strategy for the community. By being proactive, an economic development organization such as the CEDC can be on the front [...]

When to Exit2021-12-20T14:08:40-06:00

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