Financing Your Company's Growth -- Small Business Options and Public Policy Trends

Posted by Lori Salley Ring

Aug 2, 2016 8:40:04 AM

The great news for small businesses in today’s economy is that the options for financing a business are many. Bootstrapping a business with personal money, using credit cards, and asking friends and family for help are still common ways to start a new venture (75% of entrepreneurs rely on personal finances as their primary source of funding). But, there are a lot more options today for finding capital to pursue your dreams of running and growing a business. As the private sector adapts to the needs of the marketplace, regulators and legislators are watching to ensure that the best interests of small businesses are protected. Consider these financing trends and how they are evolving as you determine the best way to access capital to realize your company’s potential. 

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Topics: small business, capital, finance, banking

What Is the SBA and Can It Help Your Small Business?

Posted by Lori Salley Ring

Aug 4, 2015 8:30:00 AM

For many small businesses, thoughts of the Federal government conjure up images of tax bills and red tape.  Is it possible that there’s a federal agency that can offer help versus headaches for entrepreneurs?  Since 1953, the Federal government has had an agency, the Small Business Administration (SBA), whose mission it is to aid, counsel, assist and protect the interests of small business concerns.  Today, this small, independent agency runs a variety of programs largely focused on three main areas – sometimes referred to as the 3 C’s – Capital, Contracting, and Counseling.

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Topics: contracting, small business, capital

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FocusData: TECHPol is a blog on technology and business policy issues affecting small and mid-sized companies.  TECHPol’s primary author, Lori Salley Ring, spent 20-plus years working on Capitol Hill, including as the top staffer on the House Committee on Small Business.  FDS is an IT consulting firm providing managed services, office tech relocation, network security, and IT support for businesses in the Washington, DC and Northern Virginia area.

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About the Author

Lori Salley Ring

Lori Salley Ring

Lori serves as Policy Advisor and Communications Specialist for Focus Data Solutions.  Lori spent more than 20 years working for the U.S. Congress, including as Chief of Staff to a member of the House leadership and as the Staff Director for the Committee on Small Business.  Lori also ran a Washington-based non-profit organization between stints working for the Federal government. 

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