Common Capital Opens Business Resource Center in Downtown Springfield
SPRINGFIELD — Starting or growing a small business in Western Mass. got a little easier with the recent opening of the Common Capital Business Resource Center in downtown Springfield. All are invited to celebrate the grand opening of the center and learn more about how it helps local entrepreneurs grow and thrive on Friday, Nov, 15 from 1 to 2:30 p.m. Common Capital’s Business Resource Center is located at 270 Bridge St., Springfield.
“One of the biggest challenges when starting a business is access to capital,” said Raymond Lanza-Weil, Common Capital president. “Often, an entrepreneur needs training, education, or support before they can even apply for financing. That’s what they receive at our Business Resource Center.”
All the services at the Business Resource Center are free and available for any small business operating in Hampden, Hampshire, Franklin, or Berkshire counties. They include in-person or online business planning and financial-projection services; in-house business-training curriculum with interactive tools, templates, videos, and guides for entrepreneurs, startups, and existing businesses; and business-assistance services for all borrowers in accounting, financial reporting, marketing, human resources, and operations.
“Once a business or entrepreneur is ready, we support them in their quest to get financing,” Lanza-Weil said. “Entrepreneurs, startups, and existing small businesses, unable to gain capital through their banks, will have the opportunity to receive a loan from Common Capital. Our Business navigator will provide consulting services to complete a business plan, create three-year financial projections, and support the loan-application process.”
Common Capital has been recognized as the number-one microlender in Massachusetts by the U.S. Small Business Administration for three years running. This track record means entrepreneurs using the Business Resource Center are more likely to be set up for success, starting with getting the capital they need to launch or strengthen their business.
