Fiorina Says That Small Businesses Will Drive Economic Recovery

For owners looking for small business capital opportunities in the freshly inked stimulus package, there’s not much of real value. According to Carly Fiorina, former CEO of Hewlett-Packard, small business – not government spending – will drive the economic recovery in the US. Fiorina was delivering the keynote address at the International Franchise Association meeting yesterday.

Fiorina expressed concern that the stimulus plan applies Depression-era corrections to a 21st century problem, and that the spending package won’t address the real needs of the sectors that will actually deliver the economic recovery.

Analysts have indicated that the stimulus plan isn’t by itself friendly to small business. While it does extend some tax credits and increase some caps for depreciation and other business expenses, it doesn’t do much to help small businesses expand, create jobs or spur sales.

Cash flow is a primary consideration of small businesses. Many franchise operations need a steady source of income to make payroll, buy supplies and pay bills. Other small businesses need ready access to credit, so that they can make purchases and start projects on short notice.

For these businesses, bank loans may be out of the question. Banks have restricted lending, even to businesses that have excellent credit and payment histories. These restrictions make it tough on small businesses to land contracts and deliver services in a sour economy.

A merchant cash advance may be the ideal solution for certain businesses. If your US-based business accepts Visa or MasterCard and registers credit sales of as little as $2,500 per month, your business could be eligible for a merchant cash advance.

For more information about a merchant cash advance, or to see if your business qualifies, don’t wait! Contact Rapid Capital Funding today!

Photo Credit: Asif Akbar

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