Hutchinson business benefits from Microenterprise Loan Program
Jamie Scharfencamp recently received loan assistance from the Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program to upgrade equipment for his business, Green Earth Lawn Care. Scharfencamp has offered a full service lawn and garden service in Hutchinson and the surrounding area for the past four years and built a successful business.
Green Earth Lawn Care has a unique business market with the growing interest in “green” applications. Jamie has exclusive territorial rights to use a popular, all-natural liquid lawn fertilizer. Green Earth also offers a unique fertilizer/pesticide application service with specialized equipment that allows spot spraying broadleaf. The process reduces cost to the customer and uses fewer chemicals. Scharfencamp can be reached at (320) 296-9465 or online at www.growtheglow.com to schedule fall lawn care.
Scharfencamp is also utilizing the Small Business Management (SBM) program at Ridgewater College, Hutchinson, which complements SWIF’s technical assistance provided through the loan. “Jamie is a good example of a young entrepreneur that is working hard to grow his business in a competitive market,” said Microenterprise Program Coordinator Berny Berger. “He understands the benefit of business education and it shows in his business operation.”
Proceeds from the loan will be used for equipment. SWIF’s Microenterprise Loan Program offers loans of up to $35,000 for starting or expanding for-profit small businesses located within the 18 counties of southwest Minnesota that have a need for additional sources of funds. In addition, technical assistance is available from SWIF as needed for the length of the loan. The program receives funding assistance from the U.S. Small Business Administration, as well as from the U.S. Department of Agriculture.
The Southwest Initiative Foundation is a regional community foundation dedicated to advancing southwest Minnesota through leadership, relationship-building, program development and philanthropy. The Foundation has contributed more than $48 million through its grant and loan programs in southwest Minnesota. It has also helped more than 460 businesses start or expand through its business finance programs, which has created or retained more than 7,500 jobs. To learn more, visit www.swifoundation.org.