The House Small Business Committee held a full committee hearing titled, “Access to Capital: Can Small Businesses Access the Credit Necessary to Grow and Create Jobs?” The hearing provided a forum for lenders and business owners to discuss the current economic environment and what’s being done to support private sector job growth.
Witnesses from the lending side discussed the demand for capital and current initiatives to encourage small business lending. Other witnesses reported about the current economic environment and the capital required to hire new workers. Read More
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The Senate on Tuesday passed by unanimous consent a short-term extension for Small Business Administration (SBA) funding after failing to clear an eight-year extension earlier in the month.
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JPMorgan Chase & Co. was the busiest 7(a) U.S. Small Business Administration bank lender in the country during the first six months of the fiscal year, according to a recent SBA ranking of banks that offer the popular loans.
Even after a late-night meeting with President Obama, lawmakers are still unable to reach an agreement on a 2011 budget — making the threat of a government shutdown a real possibility. Read More
I attended the Western Pennsylvania Association of SBA-Guaranteed Lenders conference in Seven Springs, PA last week. One of the highlights of the conference was a Q&A session with Steve Smits, SBA Associate Administrator, Office of Capital Access. Smits discussed the importance of honoring the guaranty and how SBA is working diligently to ensure the efficiency of the purchase process. Here is an audio snippet from Smits Honoring the Government Loan Guaranty.
After reading the article below that was sent to me this week by a colleague, I am even more convinced that developing a “niche” is simply the best business decision one can make. After 5 years of being a generalist, I announced back in January 2010 that our defined niche was “Senior Communities”. CLS provides the funding needed to buy, renovate or construct Senior Living Communities. This includes Assisted Living, Independent Living, and Skilled Care Nursing. I have personally experienced all 10 of the benefits described in this article developed by Michael W. Byrnes Jr. www.byrnesconsulting.com.
Why it pays to focus on a niche
Market segmentation has been a successful strategy for years, yet many do not benefit from implementing this approach. Most individuals know they cannot be all things to all people, but their businesses models underperform because they are trying to do just that. By dividing a large population into segments, a business can then position itself to better fulfill the needs of one unique group.
Ten benefits of concentrating on one target market.
1. Less distractions. The scope of products and services a niche needs become narrowed, making it easier to grow to be a specialist, tailoring a customized offering, which improves satisfaction, retention and advocacy.
2. Efficiencies. Service offerings and operational processes can be much more refined, preventing a business from being pulled in too many directions.
3. Word of mouth. News will spread recognizing the business as “the one” to use in exclusive circles that are sometimes hard to penetrate.
Click here to view the entire article http://byrnesconsulting.com/2010/09/03/why-it-pays-to-focus-on-a-niche/
I had the pleasure of interviewing Ron Henry, Chief Development Office for North Fulton Hospital and Kamela Sooknanan, RN Associate Administrator of Clinical Quality Improvement for North Fulton Hospital.
Both Ron and Kamela have work diligently to increase the quality of care for the senior patients who enter into care at North Fulton Hospital.
We met to discuss an outreach program that they have developed to bridge the lines of communications between the hospital and the senior living communities that serve the patients being admitted to North Fulton Hospital.
The outreach program is 3 pronged:
1. Care Transitions Task Force-which is made up of clinical representatives from a senior community. North Fulton is currently seeking more communities to become involved in the task force. If your community is interest in becoming involved in the solution to care for seniors please contact Kamela Sooknanan at (770) 751-2973 or email to kamela.sooknanan@tenethealth.com.
2. Senior Care Network
3. ACE Unit
To learn details about each of the three components to this cutting edge approach to senior care, be sure to watch the video…
Commercial Lending Solutions successfully arranges financing for a local restaurant
Woodstock, GA — The Atlanta based company Commercial Lending Solutions, LLC announced today that it has successfully arranged financing for the expansion of Tuscany Grill restaurant in the Town Center area. The transaction was a SBA 7A loan, utilized for the purchase and build out of the new location located just a block away from the current location. The new address is 250 Cinema Way in Woodstock, GA and is scheduled to open in mid-to-late July 2010.
Commercial Lending Solutions worked exclusively on behalf of the borrowers to secure the loan through a Georgia-based community bank. Regarding the transactions, Commercial Lending Solutions president Erica Parker stated “In light of the current lending environment, the successful closing of this transaction is a testament to both the strength and quality of our clients, as well as the deep relationships we have developed with our funding sources.”
Commercial Lending Solutions first understands your cause, and then they invest in it. Through a proprietary service called PROPEL, they build the business case for the right lender to extend favorable terms and conditions to their clients. It’s the difference between yes and no, success and failure. Working with a wide variety of lenders, Commercial Lending Solutions finances transactions ranging from $500,000 to more than $50 million with a focus on Senior Living Communities.
For inquires, please contact Erica Parker at eparker@clscause.com or visit www.clscause.com.
Senior assisted living communities are designed to empower individuals to maintain the independence they have come to enjoy. At the same time, community living provides friendship and companionship. Senior assisted living communities provide seniors with many options to make sure they feel right at home.
Despite the great advantages of community living, making the decision to move is a difficult one for many seniors and their families. Listed below are some common myths about senior assisted living that may help you understand the benefits of this wonderful living option.
Myth: I don’t want to give up my independence! Truth: Your own space without the hassles
Privacy and independence should be maintained when living in a senior assisted living community. Most communities provide you with a choice of spacious apartments with different floor plans and separate entrances. You are free to furnish your apartment with your own furniture and personal items. The doors to your apartment lock and are controlled by you. You should also feel at home and absolutely secure in your environment.
Myth: My loved ones need to live with me just in case something happens and they need help. Truth: Help is just a call away.
Senior assisted living communities allow you and your loved ones to relax, freeing all to pursue enjoyable activities. These communities are designed to reduce worry that often comes from living alone. Features are in place to respond quickly and immediately to you in the event you need someone to help you.
Myth: I won’t know anyone and I will have to leave what I love doing. Truth: Opportunities to make new friends and to try new hobbies
Studies have shown that people who are active and engaged are healthier and happier. Extensive activity programs give all residents options and choices tailored to their specific needs, desires, and even lifestyle. These programs reduce the isolation felt when living alone.
As we get older, our lives change—often in unexpected ways. You don’t have to be alone in facing these changes. Senior assisted living is a viable option and can enhance your quality of life empowering you to live that life the way you want to.
Article provided by Atria Senior Living Group, www.atriaseniorliving.com
Erica Parker
Commercial Lending Solution
Capital Solutions for Assisted Living
(770) 989-7063