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Survive And Thrive In A Recession - Finance
As the sagging economy impacts small businesses, a panel discussion on surviving and thriving answers questions and suggests strategies in three business areas: business strategies; marketing and sales; and finance. The movies are in Windows Media format; click the Play icon to start playback.
The panelist are: Sarah French, owner Blu Moon Café; Dale Nelson, owner of Nelson Land and Livestock; Dana Maness, banker, Anson Bank and Trust Co.; Tom Neal, Small Business Administration; Stu Bantit, NCC-C Small Business Technology Development Center; Herb Joyner, SCORE; Dennis Harlow, professor of Business, Wingate University; Vince Holloman, Small Business Center, South Piedmont Community College. The panel moderator is Lois Crumpler, outreach coordinator, New Ventures Business Development, Inc.
If additional information is needed, contact Crumpler at 704-272-5457.
Questions addressed during this segment are:
Finance
- What is the current funding environment for businesses?
- If a business is not able to raise money, what can owners do in their business to keep it going?
- How do banks determine which loan proposals get funded and which do not?
- What happens if the business owner does not have any collateral?
- What funding sources are available to small businesses? Consider both traditional and alternative lending sources.
- In your search for funding, have you found any unique ways to get funding?
- As you talk with business owners, what are they saying about the current funding environment?
- What are some examples of how business owners faced with reduced sales can cut their expenses to stay afloat?
- With the banking industry tightening up on credit standards, how can local businesses find capital needed to expand or to help with cash flow?
- If a business owner is in trouble and is having a hard time paying his bills, what do you suggest?
- In terms of credit and specifically credit scores, how can business owners keep their credit scores from declining?
