CFO Services & Potential Impact Of An SBA Administrator

Business owners have a number of aspects to take into account as far as growth is concerned, loans being one such example. Loans have not exactly been easy to obtain, though, and I feel as though restrictions have been partially responsible for this. Even though companies across the board have been hesitant to interact with the Small Business Administration as of late, the hiring of a new administrator might shift matters in a more positive direction. Is it possible that this shift could lead to CFO services being even stronger?

The Republic posted an article that talked about President Barack Obama hiring on a new administrator for the Small Business Administration. Maria Contreras-Sweet was hired for the job and it seems as though she has quite a background to consider. She was previously employed by the California Business, Transportation and Housing Agency and she also worked for the ProAmerica Bank. The level of experience that Contreras-Sweet has is hard to deny. It's very likely that her influence can benefit businesses, both small and large, that would like the help.

The previous year was a troubling one when considering the interactions of small businesses and the SBA. The goals of the SBA were not met on time and companies were not left in the best of financial shape. It's clear that the business world possesses an element of trust; if goals are put forth and are not being met on time, chances are that individuals will be hesitant to interact with those entities again. Without much room for businesses or job openings, it's easy to see why the SBA has struggled.

It's hard to deny that Contreras-Sweet has a stellar background to consider and I feel as though it will help her when tackling the current challenges of the SBA. The Republic stated that because of the troublesome nature of attaining loans, amongst other factors, businesses have not been very confident as far as federal matters were concerned. It's an important point to consider and it's one that should have the attention of authorities such as CFO Consulting Services. If Contreras-Sweet can take on the challenge, perhaps CFO services can become more beneficial.

The best course of action that Contreras-Sweet can go about now, from what I have seen, is simply attempt to ease the problems that exist within SBA. It's out of the question to think that issues in the way of finances are going to be solved in a day, which is why the process has to be gradual. Improvements have to be seen so that companies can observe and determine whether they can put their trust in the SBA again. Hopefully this will happen sooner as opposed to later.