Business owners have a number of aspects to take into account as far as growth is concerned, loans being one such example. Loans have not exactly been easy to obtain, though, and I feel as though restrictions have been partially responsible for this. Even though companies across the board have been hesitant to interact with the Small Business Administration as of late, the hiring of a new administrator might shift matters in a more positive direction. Is it possible that this shift could lead to CFO services being even stronger?
According to an article on the Republic, President Barack Obama recently appointed a new administrator for the Small Business Administration. Obama chose Maria Contreras-Sweet, who has a reputable job history to consider. She previously worked for the California Business, Transportation and Housing Agency in addition to ProAmerica Bank. With these in mind, it goes without saying that Contreras-Sweet has a wealth of experience to consider in terms of finances. However, she is also quite savvy as far as helping small and medium-sized businesses is concerned.
The previous year was a troubling one when considering the interactions of small businesses and the SBA. The goals of the SBA were not met on time and companies were not left in the best of financial shape. It's clear that the business world possesses an element of trust; if goals are put forth and are not being met on time, chances are that individuals will be hesitant to interact with those entities again. Without much room for businesses or job openings, it's easy to see why the SBA has struggled.
With the background that Contreras-Sweet possesses, it's clear that she stands a chance of tackling the current challenges associated with the SBA. The Republic made note of the troubles of companies that have been trying to attain loans, leaving businesses less than confident on the federal side of things. This is just one of the reasons why this story is one that should have the attention of organizations the likes of CFO Consulting Services. That being said, if Contreras-Sweet can approach the SBA's current problems with a clear idea, maybe CFO services can benefit from it.
The best course of action that Contreras-Sweet can go about now, from what I have seen, is simply attempt to ease the problems that exist within SBA. It's out of the question to think that issues in the way of finances are going to be solved in a day, which is why the process has to be gradual. Improvements have to be seen so that companies can observe and determine whether they can put their trust in the SBA again. Hopefully this will happen sooner as opposed to later.
According to an article on the Republic, President Barack Obama recently appointed a new administrator for the Small Business Administration. Obama chose Maria Contreras-Sweet, who has a reputable job history to consider. She previously worked for the California Business, Transportation and Housing Agency in addition to ProAmerica Bank. With these in mind, it goes without saying that Contreras-Sweet has a wealth of experience to consider in terms of finances. However, she is also quite savvy as far as helping small and medium-sized businesses is concerned.
The previous year was a troubling one when considering the interactions of small businesses and the SBA. The goals of the SBA were not met on time and companies were not left in the best of financial shape. It's clear that the business world possesses an element of trust; if goals are put forth and are not being met on time, chances are that individuals will be hesitant to interact with those entities again. Without much room for businesses or job openings, it's easy to see why the SBA has struggled.
With the background that Contreras-Sweet possesses, it's clear that she stands a chance of tackling the current challenges associated with the SBA. The Republic made note of the troubles of companies that have been trying to attain loans, leaving businesses less than confident on the federal side of things. This is just one of the reasons why this story is one that should have the attention of organizations the likes of CFO Consulting Services. That being said, if Contreras-Sweet can approach the SBA's current problems with a clear idea, maybe CFO services can benefit from it.
The best course of action that Contreras-Sweet can go about now, from what I have seen, is simply attempt to ease the problems that exist within SBA. It's out of the question to think that issues in the way of finances are going to be solved in a day, which is why the process has to be gradual. Improvements have to be seen so that companies can observe and determine whether they can put their trust in the SBA again. Hopefully this will happen sooner as opposed to later.
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