Tuesday, January 19, 2010

Welcome to SBA Loan Workout Blog


Welcome to SBA Loan Workout Blog! In this blog, I will be discussing and posting articles on SBA loans specifically on SBA loan workout. I will be posting some tips and guidelines to small business owners in managing their businesses. These articles could be my own or from several SBA loan experts such as Don Todrin of Second Wind Consultants. Sources will be acknowledged whenever articles are taken from anywhere in the Internet.

This article is based from the article “There are three things that cannot be hidden: the sun, the moon and the truth – Confucius” from Second Wind Consultants site and authored by a distinguished SBA loan default workout consultant, Don Todrin.

According to Confucius, "There are three things that cannot be hidden: the sun, the moon and the truth" I say, this is the best business policy we can all get behind and follow.

Think about how much better our business world would be for all involved if we set this standard as the standard we conduct business.

Think of what we could all accomplish.

Some would argue that we all cannot agree on the same truth.

I would say that's nonsense, there is only one truth, and it’s a matter of recognizing it when we see it, hear it and then live it.

The truth is: Business cannot be successfully run when overpowered by debt.

The truth is: We are all in this economic mess together and we will all have to pay a price for the correction. There is no free pass, no escape and the sooner the banks and financial institutions and our political leaders and corporate leaders recognize this truth, the sooner we will be on the mend.

The truth is: If one business is living a lie we all suffer, the economy suffers. If many are living outside of the truth we will have deep issues.

We have deep issues. We are not living in the truth

Is it a little lofty? Maybe.

We need to mend our ways, we have gone astray. This is the path back. Honestly, it’s the truth. The pain will continue until we recognize this and act accordingly.

This blog will attempt to provide help and tips to small business owners as they endeavor to rise above the water during this time of economic recession.