Thursday morning we met with the team at Alerus. Students learned about the transition from Home Federal to Alerus and how they continue to strongly serve the community. It was helpful to hear about the different options in banking, the basics of financing a business, and what they might look for in a business plan. There were so many great insights! It was a great visit to a Alerus!

💵Personal connections and relationships are important.
💵Smaller allows you to work with a team where you know the full picture with clients and allows you to collaborate with colleagues
💵Networking in the community is important. Show up. Call back. Meet their needs.
💵Listening to your customers while knowing your products and business shows value.
💵Businesses can grow organically. Think about the need you are filling and the potential for growth.
💵Cash flow is the number one qualifier for getting a loan.