April 16 2015
Allegiancy CEO Steve Sadler speaks to Gloucester Point Rotary about helping entrepreneurs thrive again in America
“The Future of Entrepreneurial America: What it will take to Reverse Troubling Trends.”
GLOUCESTER, VA – Allegiancy CEO and Gloucester resident Steve Sadler spoke Tuesday to Gloucester Point Rotary Club members about “The Future of Entrepreneurial America: What it will take to Reverse Troubling Trends.”
Sadler listed some of the challenges private businesses face getting started in the United States today. He attributed the overall entrepreneurial decline to the difficulty small businesses have in raising capital, and to fewer young people being willing to take the risks of being self-employed.
Sadler discussed why these are problems for the overall U.S. economy, noting that there are only 6,300 public companies in the United States, but more than 27 million privately held companies, which account for $69 trillion in market value.
“Unfortunately, it’s an incredibly difficult time to raise capital as a private company,” said Sadler. “Credit applications are being rejected at a record rate, and the United States is now ranked 12th in the world in business formation. We have more companies going out of business than starting.”
Sadler also mentioned statistics about the obstacles in starting businesses for Millennials, today’s youngest generation of worker. He cited a study revealing that 41 percent of Millennials believe they can’t get a loan or credit; 19 percent believe they don’t know how to operate a business, and 31 percent believe there’s too much risk.
In terms of solutions to these challenges, Sadler talked about the U.S Jumpstart our Business Startups (JOBS) Act of 2012, which has created provided an avenue for crowdfunding under Title IV Regulation A+. “Reg A+ will give privately held companies a better means of raising capital for further business development and startups,” explained Sadler.
Allegiancy is poised to become a national leader in using the new Reg A+, which boosts the amount a private company can raise from $5 million to $50 million in a year. Allegiancy plans to raise $30 million through a public securities offering later this year.
Sadler said he believes in the power of small businesses to create jobs and bring back the Virginia economy. That’s one reason that Sadler will serve as a judge for Launch Gloucester, an innovative community program that will award three entrepreneurs funds to help them start local businesses locally.
For Millennials seeking to find their way, Sadler advises them (and their parents) to think outside the box when it comes to higher education. “Think in terms of skills and knowledge, more than classes and degrees,” Sadler said. “Develop your own plan, and make sure it doesn’t include debt. Then you will have the freedom to join forces with other young innovators to create the new models that will benefit us all tomorrow.”
About Steve Sadler
Prior to founding Allegiancy, Sadler spent nearly 20 years in financial services and the investment banking field. He pursued investment banking projects in commercial real estate while part of Signet Bank’s Capital Markets Group, now Wells Fargo. Sadler has executed public market securities and private placement transactions valued at more than $1 billion.
Sadler was previously the CEO of a financial services technology company that raised more than $10 million in capital from venture capital funds, angel investors, and strategic partners. In addition, Sadler has been involved in a wide range of asset classes and financing structures and has proven commercial real estate performance and significant turnaround experience.
Allegiancy is changing the business of asset management for commercial real estate owners and investors. With an advanced technology platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor to an often poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is expanding on a track record of more than four decades of success.
Headquartered in Richmond, Va., and led by a team of seasoned professionals with more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45 percent since 2006. The company has approximately $300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate. Allegiancy grew by 62 percent last year, largely due to referrals from satisfied clients.
Allegiancy CEO Steve Sadler talks with Gloucester Point Rotary President Ken Gibson outside Abingdon Parish Church following Sadler’s presentation, “The Future of Entrepreneurial America – What it will Take to Reverse troubling Trends.”
To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at email@example.com or 866.842.7545 ext. 204, or (804) 201-7161.
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