If you haven’t updated your business in some time, perhaps by purchasing new equipment or renovating a facility, you need to ask yourself if you’re keeping up with your competitors. Sometimes, change comes quickly, and business owners need to be ready to finance a new direction. In a piece for the Small Business Administration’s blog, Tim Berry recommends that owners take a “fresh look” at their market and the place their business has in it.
According to Berry, it’s important to distinguish between “taking a fresh look” and doing formal research. The fresh look approach simply involves casual data gathering, perhaps from customers or people in non-competing businesses.
The importance comes from looking at the market with fresh eyes without assuming that what they already know still holds. Even a strategy from just a few years ago could suddenly prove to be the wrong decision in the new economy.
“The importance comes from looking at the market with fresh eyes.”
This can also involve thinking about the current customer attitudes toward your business, especially if you haven’t done this in a while. Though the SBA loan programs available are great for developing businesses, there could be a need for new changes that keep the company up-to-date. At the same time, newer businesses can also look for financial packages that will help them last into the future by preparing for different conditions.
Rejuvenating Your Ohio Business
In a pamphlet on starting a corporation in Ohio, Secretary of State Jon Husted lists some of the things that new corporations need to understand to successfully create a corporation. Some of the circumstances the document refers to include situations that might change the nature of a business.
For example, if a corporation merges with another business entity, the company needs to submit the correct certificate and filing fee with the Secretary. For a conversion, the Ohio Revised Code has to give approval, as long as the action falls within the boundaries of the law. In either of these cases, the business might need to update itself in some way to reflect the new ownership.
The 504 Loan
Obtaining a 504 loan from the SBA gives business owners options for how to improve their venture: In addition to new land and equipment purchases, this program also allows for building renovations, improvements and landscaping. This can also apply when an applicant wishes to purchase an existing building for commercial purposes.
Our website lists a series of ways that businesses can be disqualified from the 504 loan, something which owners may need to consult once again if the mission of the business has changed. Some of these exclusions are life insurance companies, non-profit businesses and businesses located in foreign countries. In some cases, though, there may be exceptions, requiring an expert to help owners find the appropriate commercial lending.
Growth Capital has solutions for SBA 504 loans, as well as other SBA programs. You can learn more by contacting us today.
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I wanted to take a moment to express my gratitude for the wealth of invaluable information you consistently provide in your articles. Your blog has become my go-to resource, and I consistently emerge with new knowledge and fresh perspectives. I’m eagerly looking forward to continuing my learning journey through your future posts.
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인천출장안마 says
Your positivity and enthusiasm are undeniably contagious! This article brightened my day and left me feeling inspired. Thank you for sharing your uplifting message and spreading positivity among your readers.
출장마사지 says
Your writing style effortlessly draws me in, and I find it nearly impossible to stop reading until I’ve reached the end of your articles. Your ability to make complex subjects engaging is indeed a rare gift. Thank you for sharing your expertise!
출장안마 says
I am continually impressed by your ability to delve into subjects with grace and clarity. Your articles are both informative and enjoyable to read, a rare combination. Your blog is a valuable resource, and I am sincerely grateful for it.
인천출장마사지 says
I’ve discovered a treasure trove of knowledge in your blog. Your unwavering dedication to offering trustworthy information is truly commendable. Each visit leaves me more enlightened, and I deeply appreciate your consistent reliability.
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I am continually impressed by your ability to delve into subjects with grace and clarity. Your articles are both informative and enjoyable to read, a rare combination. Your blog is a valuable resource, and I am sincerely grateful for it.
출장안마 says
Your storytelling abilities are nothing short of incredible. Reading this article felt like embarking on an adventure of its own. The vivid descriptions and engaging narrative transported me, and I can’t wait to see where your next story takes us. Thank you for sharing your experiences in such a captivating way.
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Your storytelling prowess is nothing short of extraordinary. Reading this article felt like embarking on an adventure of its own. The vivid descriptions and engaging narrative transported me, and I eagerly await to see where your next story takes us. Thank you for sharing your experiences in such a captivating manner.
출장샵 says
I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.
인천출장마사지 says
Your enthusiasm for the subject matter shines through every word of this article; it’s contagious! Your commitment to delivering valuable insights is greatly valued, and I eagerly anticipate more of your captivating content. Keep up the exceptional work!
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Your unique approach to addressing challenging subjects is like a breath of fresh air. Your articles stand out with their clarity and grace, making them a pure joy to read. Your blog has now become my go-to source for insightful content.
출장안마 says
This article resonated with me on a personal level. Your ability to emotionally connect with your audience is truly commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.
인천출장마사지 says
I wanted to take a moment to express my gratitude for the wealth of invaluable information you consistently provide in your articles. Your blog has become my go-to resource, and I consistently emerge with new knowledge and fresh perspectives. I’m eagerly looking forward to continuing my learning journey through your future posts.
인천출장안마 says
Your blog has rapidly become my trusted source of inspiration and knowledge. I genuinely appreciate the effort you invest in crafting each article. Your dedication to delivering high-quality content is apparent, and I eagerly await every new post.
서울출장안마 says
I’m truly impressed by the way you effortlessly distill intricate concepts into easily digestible information. Your writing style not only imparts knowledge but also engages the reader, making the learning experience both enjoyable and memorable. Your passion for sharing your expertise is unmistakable, and for that, I am deeply grateful.
서울출장안마 says
I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.
출장안마 says
Your writing style effortlessly draws me in, and I find it nearly impossible to stop reading until I’ve reached the end of your articles. Your ability to make complex subjects engaging is indeed a rare gift. Thank you for sharing your expertise!
인천출장마사지 says
Your storytelling prowess is nothing short of extraordinary. Reading this article felt like embarking on an adventure of its own. The vivid descriptions and engaging narrative transported me, and I eagerly await to see where your next story takes us. Thank you for sharing your experiences in such a captivating manner.