Sunday, March 9, 2014

Can The New SBA Administrator Aid CFO Services?

By Robbie Sutter


It is apparent that business owners are going to have to take various aspects into account, loans amongst them. However, it has not exactly been easy to attain these as of late, especially when given the various restrictions that have been placed. Even though there has been concern on the matter, the hiring of a new administrator for the Small Business Administration stands a chance of helping matters matter. If nothing else, I'd have to believe that the impact of CFO services would be more positive.

The Republic put up a story that talked about the hiring of a new Small Business Administration administrator by President Barack Obama. The individual who was hired for the job was Maria Contreras-Sweet, who previously worked for the California Business, Transportation and Housing Agency. In addition, she was part of ProAmerica Bank for many years. It's apparent that she has a tremendous background to consider and it is because of her experience that small and medium-sized businesses stand a chance of being assisted in the biggest of ways.

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.

In my opinion, Contreras-Sweet should not be so much focused on fixing matters right away but rather making them easier. The SBA has a few problems to consider and financial matters, from what I have seen, are not ones that can be solved over the course of a day. They have to be made better on a gradual basis so that companies can put their place back into the SBA. It seems like a reasonable course of action and hopefully progress will occur soon for the sake of small businesses.




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