Enterprising Women Vol 10, No 2, 2009

Cover Story Capital Accessing in a Challenging Economy O ne of the most critical topics at any stage of your business cycle is securing the capital you need to grow your business. In these uncertain economic times, raising capital is a challenge even for veteran business owners. With corporate America shedding more jobs, an increasing num- ber of entrepreneurial start-ups are also looking for funds to grow their businesses. Our cover story section this issue examines several angles that we hope will offer insight as you continue your quest for capital. We explore how find- ing the right bank is crucial to the pro- cess, and look at SBA-backed financ- ing for start-ups and other businesses. (Note that the Obama Administration has increased the maximum guarantee the government provides on SBA- backed loans to 90 percent from 75 percent and has temporarily cut some of the fees that are associated with an SBA loan.) We tackle the issue of how to select a private equity partner, and showcase the best ideas to sustain those in need of venture capital while they wait out the economic storm. We also help you overcome the anxiety of preparing the projections your company needs to stay on track, and conclude with Women Presidents’ Organization President Marsha Fire- stone’s best advice on securing bank loans. 28 enterprising Women