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A little delivery on the promise, please

Blog

A little delivery on the promise, please

By: Steve Sadler, CEO of Allegiancy

October 14, 2014

Sometimes running a small company can feel like an uphill hike.  Somedays when you have too many regulators pushing you around, or bankers making what were previously considered unreasonable or excessive demands, it’s easy to feel worn down.

Perhaps that’s part of what’s behind the National Federation of Independent Business’ (NFIB) “Optimism Index” most recent slide to the lowest level in quite a while.

Even when the challenges at your company actually look like opportunities, it can still be tiring — especially if you cannot raise the capital needed to make the most of your growth potential.  After a while, the “going it alone” gets exhausting, and promised helps like the Jumpstart our Business Startups (JOBS) Act, or the easing of bank credit restrictions don’t seem to be arriving on time. I suspect that’s part of the reason small companies are reporting less hiring plans in the future and less robust growth prospects.

Two years after the JOBS Act was passed, we are still waiting for the help Congress promised.  Banks that won’t lend to former Fed Chairman Ben Bernanke certainly are not lending to small companies.

I believe optimism could easily rebound with just a little good news for companies ready and able to grow.  If the U.S. Securities and Exchange Commission (SEC) would release Regulation A+ rules, or banks would get back into the business of lending to businesses, we would see growth and employment accelerate.   And wouldn’t it be nice to have something positive happening in the real U.S. economy, now that Wall Street has turned negative?

You may also be interested in:

Whitepaper: What YOU Need to know TODAY about Reg A+

Press Release: The Startup with the $50M Plan

Blog Post: Innovation, Regulation and Preservation

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