2011 has now officially begun as we’re well past the holiday hiatus and folks are starting to get tuned back up again. Although many are not predicting a wonderful 2011 for small business, there is still potential. At the recent KBA Open House in Dallas, many of our printers in attendance shared that 2011 was looking better and the last two quarters of 2010 were “acceptable.”
Given that everyone who still is around has made all the necessary changes to survive, it’s just a matter of positioning for rebound. One of the critical aspects is finance. Although many of the major banks are still not willing to look at small business loans (companies with sales less than $15-20 million), there will be opportunities for loans from small regional banks – if one has a well positioned company (profitable/strong balance sheet). Check out this WSJ article.