The Industry Could Get Boost from SBA Proposals
February 10, 2010 -- GlobeSt.com
The Obama Administration's plan to urge community banks to lend to small businesses might benefit the commercial real estate industry, but only indirectly, Howard Peskoe says. SBA loans to entrepreneurs help businesses get started and expand, and that increased economic activity leads to additional sale or leasing of office, warehouse and retail space, he says. But he does not anticipate that the Administration's initiative will increase the number of direct loans from community banks to real estate developers and investors.
Where is the money? In the new world of financing, it's all about who you know
February 8, 2010 -- Crain's New York Business
Ed Stevenson says companies considering hiring consultant to help raise capital should check a prospect's last five or 10 clients -- not just the handpicked few success stories that prospects inevitably offer -- and emphasize success billing rather than high monthly retainers.
Love a local business? Buy a share
September 10, 2009 -- Fortune Small Business
Paul Gregory advises owners of small businesses not to appear desperate when they seek financing, even if the prospective sources are family, friends or neighbors, in this article about how small investments can keep a business afloat through trying times.
Dropping home values crunch credit lines
July 8, 2009 -- CNNMoney.com
Owners of small businesses should not tap into their 401(k) or other retirement accounts to fund their operations, Paul Gregory says in a story about how diminished home values have cut back on the ability of entrepreneurs to use their home equity to fuel their businesses.
So You Want to Start a Tech Business
June 24, 2009 -- E-Commerce Times
Owners of tech start-ups should use their attorneys, accountants, bankers and financial advisors as conduits to equity and debt investment by angel and venture capital funds, Ed Stevenson says. Ed, chair of our venture capital and emerging growth company practice group, also suggests that owners join groups and associations that bring together investors and tech start-ups that need investment dollars.
Business triage: Kill what’s ailing
April 14, 2009 -- CNNMoney.com
Owners of businesses with multiple locations should form each location as its own entity, Edward Stevenson says in this small business advice column. Failing that, if several outposts are ailing and one is healthy, the owner should try to minimize or restructure the debt load, test the market to see if any of the flagging stores can be sold, and consider seeking bankruptcy protection.
Think Global, Stay Local: Working From Home
October 2008 -- American Lawyer
This feature includes Herrick as one of the most prominent American law firms doing significant international legal work without having offices overseas. It mentions our insurance and reinsurance work in the U.K., France and Germany; Japanese corporate practice; and international art practice.
Symposium shows what Israeli markets have to offer
September 26, 2008 -- The Jewish State
Ronald Levine is mentioned in this story about a Herrick, Feinstein-sponsored symposium on business opportunities in this region for Israeli companies. Ron, a member of the New Jersey-Israel Commission, notes that New Jersey is a significant exporter to Israel and that 70 Israeli companies have operations in New Jersey.