Access Granted Is your search for commercial financing going nowhere? Your local capital Access Program could get you on the right path.
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For more than a decade after launching a fine-art print business in their home in 1992, entrepreneurs Ken and Laurie Green relied on "seat-of-our-pants financing."
With their own funds and loans from family members, Ken and Laurie still managed to piece together enough financing to move their Pittsfield, Massachusetts-based company, Museum Facsimiles, out of their home. Along the way, they even built it into an award-winning stationery business and manufacturer of custom frames and mirrors for high-end retailers like Neiman Marcus.
Despite Ken and Laurie's marketing success, however, commercial financing still proved elusive. "[There were] little bits here and there, but nothing significant," says Laurie. But the company's fortunes changed in 2005, when the couple learned of Massachusetts' Capital Access Program, or CAP.