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“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.”
- Dale Carnegie
How the Stimulus Act Can Benefit Your Business
What is the good news about the recession? (Yes, there is some good news.) From 1982 through 2007, the economy experienced 25 years of economic growth, rising asset values and easy credit. Economic trends are cyclical – downturns are usually short followed by long durations of prosperity. In an attempt to counter negative economic trends a substantial Economic Stimulus program was just passed. On February 17th the ARRA – American Recovery and Reinvestment Act of 2009 was signed into law which should lead to stabilization and economic improvement.
The ARRA contains numerous pronounced benefits for businesses – specifically geared toward the small to medium sized companies that have the ability to jumpstart the economy both locally as well as nationally. First Star Capital has put together an informative website that outlines and details the recently passed Economic Stimulus Act – www.EconomicStimulusInfo.com. Since only about 1/3rd of the economic recovery plan is focused on incentives and benefits for business owners it is likely that any traditional media attention will be targeted toward the other 2/3rd of the plan which revolves around consumer related tax relief and government based initiatives to create jobs. We felt that it would be great if there was a resource specifically tailored to the business benefits in the ARRA. Business owners across the country are well positioned to contribute toward a broad based economic recovery as catalysts. The site is a great resource for small to medium sized businesses as they seek out relevant and timely information pertaining to how the Economic Stimulus Act can benefit their company.
First Star Capital is staying focused and even though there is still a lot of uncertainty about 2009 the year is off to a pretty good start so far. Our customers have partnered with an extremely stable company with a strong, disciplined, and focused management team. This support allows us to be a resilient source of funding to our clients, vendors, and business partners. During lucrative times, many lenders entered this industry with pricing and credit practices that could not be sustained. For the past two years, many lenders have failed and been forced to exit the marketplace. We are determined to not only maintain our strong position but we will also continue to take action to ensure that our long term approach is not compromised. The entire team at First Star Capital is committed to being harder working and more motivated than our competitors and we are grateful to be associated with you.
Upon reflection this will most likely be seen as a sizeable recessionary period but also a transition phase moving back to prosperity. We will continue to support our clients as a stable source of funding and continue to provide substantial sales support to our vendor partners and referral sources.
About First Star Capital
First Star Capital is an established national firm that has financed thousands of different businesses across the country and has funded hundreds of millions of dollars worth of capital equipment. We are an independent commercial lender with a specialty focus in equipment financing and leasing. First Star Capital is a direct lender with the ability to quickly and efficiently fund new financing requests between ten-thousand and ten-million dollars. Since we are a direct lender with our own funding and servicing capabilities we are able to deliver tangible value added financing solutions with the utmost flexibility. First Star Capital has the internal ability to underwrite a variety of different financing requests – nothing is too big or too complicated.
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First Star Capital
(800) 604-4817
brad@firststarcapital.com
www.firststarcapital.com
Did You Know?
 Of the 25.8 million U.S. businesses, 99.9 percent of them have fewer than 500 employees, while nearly 17,000 businesses employ greater than 500 people.
Small firms created 1,990,326 net new jobs, while larger firms employing over 500 lost 994,667 net jobs.
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