In This Issue:
- Veteran Launch update
- Credit Tip
- Advising Corner: Love Your Cash
- Meet our Clients: Tertulia Coffee
- Get to Know: Mike McGrane
- Upcoming Events
- Welcome to our newest clients
Growing Our Work in 2017
As of January 31, we have invested $4.5 million into 34 veteran and military family-owned companies across California. These companies have created and sustained more than 200 jobs. We look forward to continuing to grow the number of veteran-owned and military family-owned companies we support.
Click here to download our 2017 flyer, and please forward it to any veterans and military spouses you know who may need support for their small business.
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Advising Corner: Love Your Cash
Veteran Launch is a program of Main Street Launch. Main Street Launch’s Senior Vice President – Business Advising Paula Groves offers the following small business tip.
Just last month we celebrated Valentine’s Day. During this time of love and relationships, I began to wonder, how many entrepreneurs know what it means to be in love and in a healthy relationship with their business’ cash?
When an entrepreneur first gets a loan or secures financing, they are often quite happy and feeling proud with the cash they have in the bank. I think the same is true at the start of a new relationship – we feel happy, proud, and secure. After a bit we start to wonder, how can I make sure this relationship stays strong and healthy over the long term? I think we should ask ourselves the same question regarding our business’ cash.
Meet Our Clients: Tertulia Coffee
Tim and Maria came to Veteran Launch for working capital and to finish up their construction at 1951 Telegraph in Uptown Oakland. Tim advises, “Even if you don’t think you need a loan, if you can get one, you should. It’s difficult for startups to get access to capital, but that money is your protection. Without it the unexpected costs and delays can put you out of business. Even if the money just sits in the bank, it’s your security in the early years.”
Get To Know: Mike McGrane
Mike McGrane joined our team as Vice President – Regional Lending Director. Mike has extensive experience understanding comprehensive business goals and solutions needed to assist in business lending and over 26 years of experience in the banking and credit industry. Click here for Mike’s bio.
“Main Street Launch has a deep desire to help the local communities by helping small businesses thrive. As an Air Force Veteran myself, I especially love to give back to my fellow vets after they served the U.S.A.”
If you have events for veterans you’d like to share, please email us at email@example.com.