The National Federation of Independent Business (NFIB) monthly report released today indicates that small businesses aren’t very optimistic about the economic climate. The report shows that the trends index is still stuck at recession levels.
And that is pretty much reflected in today’s speech by President Obama who addressed small business by mostly talking about the same measures from last February’s Recovery Act. The administration is hoping to keep small-business lending going through 2010, and talked about stimulus provisions that eliminated fees for Small Business Administration loan programs increasing guarantees on the agency’s main loan, the 7(a), from 75 percent to 90 percent. He also mentioned reinstating the fee reductions and guarantee increase for another 12 to 14 months (if they are applied retroactively) would likely cost at least $500 million.
So once again as small businesses continue to experience pain, the age old tactic of factoring is still a good way to keep things moving until things get better.
Factoring companies know that as the year ends, small business owners will need funds to get the New Year started off right. For more information on invoice factoring companies go to: www.ifgnetwork.com
Small businesses are extremely important for our economy. The more loans small businesses can get when they need them, the stronger our economy will be.
THankis for this nice post
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