Thursday, December 31, 2009
Happy new year!
The past decade we had our third and last child. 911 happened the same day four hours later. My wife' father passed too young. The economy crash simultaneous with the presidential elections meant our business went sideways at the end of this decade.
Now our B2B funding firm had our strongest month ever to close out the decade.
The economy isn't simply jobs or any one indicators, so I don't see a quick recovery system-wide for 3-5 years.
Despite that, opportunity abounds. Let's make this decade the most profitable ever.
- Posted using BlogPress from my iPhone
Tuesday, December 29, 2009
Friday, December 25, 2009
Friday, December 18, 2009
Now, they must be further in the hole.
Closing banks isn't helping the business loan environment. Banks are already THE MOST regulated small business in the country. Now, they are being told to prepay FDIC insurance premiums for 3 years and if that doesn't kill them they are being told to suck up the TBTF (too big to fail) banks' failures.
On December 18, 2009, the FDIC was named as Receiver for RockBridge Commercial Bank, (CERT # 58315), Atlanta, GA by the Georgia Department of Banking and Finance. An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts. For further information, please visit the FDIC web site: RockBridge Commercial Bank (www.fdic.gov).
American Prudential Capital, Inc. provides alternative funding for business-to-business startups, acquisitions, and growing firms from about $500,000 to several $100 MM. Their contract is month-to-month and they earn their customers' business. Funding facilities grow with customers' needs and provide great flexibility.