Saturday, March 1, 2014

How CFO Services Can Be Supported By An SBA Administrator

By Robbie Sutter


Business owners tend to rely on a number of different aspects in order to move forward, one of them being loans. One might think that these are easy to come across but the truth of the matter is that there are a number of regulations that can impede such efforts. Can the appointment of a new administrator for the Small Business Administration help matters? I have to believe that, if successful, this will lead CFO services to be much more beneficial for companies that would like to utilize them.

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.

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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