In 2020, Colorado voters approved Proposition 118, opening the doors to a state-run Paid Family and Medical Leave Insurance (FAMLI) program. The program ensures that all Colorado workers have access to paid leave in order to take care of themselves or their family during life circumstances that pull them away Read more…
Part 4 – Five Steps to Success In this 4-part series, we’ve covered the overview of the bank lending process and the first four steps. This final installment covers the fifth and final step, pulling the whole process together for presentation to a lender and answering follow-on questions. The entire Read more…
Part 3 – Providing Detailed Financials and Operating Data History Over the course of this 4-part series, the first two blogs covered the overview of the 5-step process and went into depth regarding the first two steps of the process. This blog covers the third and fourth steps which are Read more…
Part 2 – Matching Loan to Lender Part 1 of this series mentioned that the first step to getting a bank to loan your business money is, of course, finding the right lender. This starts with understanding the use of the funds, since it will determine the structure of the Read more…
Part 1 – A Process Summary This is a four‐part series on just what it takes to obtain a business loan and understanding the process you might face in running your business with someone else’s money. Today many businesses are experiencing growth opportunities and need capital to finance growth. So, Read more…
You have just received a letter of intent outlining the terms of a bank line for your company. Interest rates have climbed quickly, and banks are tightening their credit standards as they await the next recession. You are thinking: is this the best deal we can get? Currently a profitable, Read more…
Suddenly, we are at midyear and still unsure about an impending recession. While the large corporate world has laid off employees, the middle market remains strong. However, signs of slowdowns are now appearing in the SMB market, and businesses are changing their plans for the back half of 2023 and Read more…
The continuing strength in the US middle market sector is the engine behind the strong job market and consumer spending. Data from the National Center for the Middle Market Year-End 2022 Report supports our claim that this growth is indeed stalling the Fed’s efforts to drive the economy into recession. Read more…
This blog’s focus is to make business leaders aware of the 2022 Colorado Competitive Landscape Report which provides a wealth of usable information for planning and implementing strategy in 2023. We believe that many of the recommendations contained in this report are spot-on for middle market businesses. Kudos to Dietrich Read more…
Some would argue that the essence of a successful business is building an operation that is profitable and sustainable over a long period of time. Others might say it’s effectively executing a business plan that delivers the intended ROI to investors/shareholders within a promised time frame. And yet another interpretation Read more…