Mar 11, 2014

CFO Services & Potential Impact Of An SBA Administrator

By Robbie Sutter


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?

The Republic posted an article that talked about President Barack Obama hiring on a new administrator for the Small Business Administration. Maria Contreras-Sweet was hired for the job and it seems as though she has quite a background to consider. She was previously employed by the California Business, Transportation and Housing Agency and she also worked for the ProAmerica Bank. The level of experience that Contreras-Sweet has is hard to deny. It's very likely that her influence can benefit businesses, both small and large, that would like the help.

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.

It's hard to deny that Contreras-Sweet has a stellar background to consider and I feel as though it will help her when tackling the current challenges of the SBA. The Republic stated that because of the troublesome nature of attaining loans, amongst other factors, businesses have not been very confident as far as federal matters were concerned. It's an important point to consider and it's one that should have the attention of authorities such as CFO Consulting Services. If Contreras-Sweet can take on the challenge, perhaps CFO services can become more beneficial.

While Contreras-Sweet may not be able to fix every last problem of the SBA right away, this does not mean that she can't make them easier. Financial matters are some of the most important, meaning that they have to be approached carefully. I have to believe that, if Contreras-Sweet can make steady improvements, this will be able to draw the attention of small businesses that might have lost trust in the SBA months ago. It will be because of this level of progress that businesses will become more confident in addressing the SBA.




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