Sunday, May 03, 2009

The Dams Are Bursting For Small Business Loans

Keyword: Business plans

It hit the Orange County paper yesterday. And it is coming to yours soon. "It" is columns and columns of listings of Stimulus Projects. They are real. And they mean millions upon millions of dollars for your community.

Yes, most of them are construction related projects. But every construction project needs tremendous support networks. They need equipment, office supplies, transportation, food, temporary workers, recruiters, architects, painters, accounting, communication, website development, uniforms and clothing ... even massage therapists! I just cannot imagine a field that is not impacted by this massive influx of working capital.

Your business will be impacted too, if only by second hand uses of the money. It may not happen this week. But it IS coming. Be ready now. Put that business plan in order so your business will be ready to access a line of credit when it needs it. If capital investments are needed, look for it now, not six months from now. Get your contacts lined up, even if you can't get the financing just yet.

I know I sound like a broken record, but Get Your Business Plan Ready. Now. You will be glad you did.

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