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It has been an uneasy time for startups and other small businesses wondering if their cash is safe at the banks they have been using for years. The Federal Reserve has continued it’s rate increases to the detriment of fixed income securities often held by banks. I have a client that had a primary banking relationship with First Republic and had a lending term sheet from SVB just prior to it’s failure.
Every organization has a myriad of skill sets that make them unique and successful. However, we all have our own personal blind spots and places where we could use assistance. The same can be true of your business. As your business grows and scales, your organization may reach a point where you need additional finance & operations assistance, however, the business isn’t quite ready for bringing on full time talent.
Opinion Tuesday, April 13th 2021, 4:21 PM EDT We used to have a saying when discussing what to do in a tenant scenario: “RTFL” or “read the full lease." Although in the real estate industry, we didn’t always say “full." Leases are more powerful contracts than businesses often realize. What each specific lease says governs what must occur by both the tenant and landlord.
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