The Economy and Your Business Plan

There is no doubt that the issues on Wall Street and the credit crunch is having an affect on businesses nationwide and across the globe. I am repeatedly asked by entrepreneurs about the ramifications by both existing business owners and those with a startup business seeking capital. The initial response always begins with “don't panic…” and that depends on the business and region of the country, as the current economic crisis has different implications depending on the type of business and funding needed, which generally fall into two categories:

Debt – Business owners and startups alike are clearly facing varied regional difficulties in borrowing money to expand or start up businesses. Notwithstanding, opportunities do exist, with an SBA guaranteed loan being one that should be strongly considered at this time. Our team has a depth of SBA experience and can find the right lender with a track record that suits you in your area.

Equity Investment – My recent discussions with VC and private equity sources clearly indicate that there is little change in their capabilities for equity investments. Private equity and VC investors focus on small to mid-sized companies, not public companies that are taking such a bit hit on Wall Street. They have the capital and continue to invest that capital on viable ventures.
All businesses are unique in their needs, expectations and considerations of how the economy affects them. Therefore, we remain available for a free consult in this regard.