Small businesses created more than 60 percent of all new jobs in the past decade; today, about half of all private-sector jobs in the United States are at small companies like Moore’s. They generate more medical and technological patents per employee than big corporations, and history shows that they’re the first to begin hiring at the end of a recession. In short, small business has long fueled our country’s growth and expansion. But that’s the insidious trap of the current credit crunch — it’s threatening to squelch American innovation, which could hold the key to our recovery.
via Room to Grow: Economic Trouble for Small Businesses | Your Money Guide | Reader’s Digest.
Our firm specializes in funding these companies. We can help.
Eric Standlee
In a recent Reader’s Digest Article “Room to Grow: Economic Trouble for Small Businesses“:
“With banks in lockdown mode, small businesses with big potential are being stifled. Why Main Street innovators matter to us all.”
“If you want to understand what’s wrong with the economy, consider Deborah Moore. After working as a nurse-practitioner for 15 years, Moore launched a medical transcription company from her home seven years ago, mostly to be closer to her two kids. The company, called AccuStat EMR, has grown dramatically: Moore still handles transcription services, but she also helps hospitals transfer their records from paper files to electronic documents. Since the federal government wants most hospital records to be stored electronically by 2014, it’s a booming business. Moore has big clients, like the University of North Carolina Student Health Center, Beth Israel Hospital in Boston, and the Missouri Department of Corrections, and her revenue in 2008 was $35 million. Her only problem? She can’t get a loan.”
American Prudential Capital has 20 years of history on the side of businesses like this. We help these businesses grow despite their inability to get business loans.
Eric Standlee
