Blog Posts
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New Equity in Action Series: Firm’s growth moved a little too fast for large banks
By T. Shawn Taylor, Aug. 25, 2010
Rapid growth in a company should be viewed as a positive by bank officers reviewing loan applications for working capital, right? Not always. At larger banks, especially, settling down with a business that is new to the fast track is like kissing on the first date. They want to see how well the business behaves [...] -
New Equity In Action Series: Illinois New Markets Tax Credits program beefs up meat suppliers R&D
By T. Shawn Taylor, Aug. 3, 2010
When Tim Reiter speaks of raw materials, he literally means “raw,” as in meat. Reiter is president and COO of Protein Solutions, a South Chicago-based supplier of portion-controlled meats for casual dining restaurants such as Lone Star, Ruby Tuesdays, TGI Fridays, Ponderosa, Logan Steak House, Ryan’s, Shoney’s, Rain Forest Café and Market Day, where the [...] -
New Equity Expert Series: How to get a partner for a grant proposal?
By Luther K. Snow, Jul. 27, 2010
Dear Good Groups Guru, I saw an interesting grant opportunity recently from the US Economic Development Administration and I thought my business development project was perfect for it. But when I read the Request for Proposals, I saw that it required me to form a partnership with a non-profit organization, university, and/or government agency. [...] -
New Equity in Action Series: Mind the gap – Factoring proves to be a tricky financing solution for an urban planning firm
By T. Shawn Taylor, Jul. 25, 2010
After nearly a year of pursuing bank financing options to help him maintain working capital, Keith Searles has earned the battle scars of a lifelong entrepreneur after only three years as chief executive and founder of Urban GIS, a Geographic Information Systems and urban planning solutions company. In the long term, Searles said he [...] -
New Equity in Action Series: SBA loan sparks a fairytale ending for disaster restoration firm
By T. Shawn Taylor, Jul. 18, 2010
When Warner Cruz set out to grow his family’s disaster restoration business, he never imagined he would end up as the star of what at times felt like a fairy tale, one in which his expansion plan turned out to be a perfect fit – and one of the crowning achievements – of a popular [...]
My name is Chinwe Onyeagoro and I am the editor of New Equity Daily. Five years ago I started a small business called O-H Community Partners in Chicago and one of the lessons I’ve learned is it’s not enough to simply concentrate on producing a good product or providing quality service or offer the best price. There’s an extra component that is crucial to the survival and growth of our businesses: funding and financing whether we are starting up or trying to maintain our operations or planning to grow. Without adequate funding, small businesses like ours run the risk of stagnating, or even closing. Financing is out there. It’s available. It’s just harder to find.