Are We in a Recession?
Karen Schimpf
Commercial Loan Broker | Specializing in SBA Loans, Startup Loans, Business Acquisitions | Funding Restaurants, Assisted Living, Hotels, IT Ventures, Apartments. | Even After Previous Rejections —Call 512-358-1511 Today!
It really is a tough question to answer. The yield curve ins inverted, ALWAYS a sign of recession. We have 2 quarters of negative GDP, which constitutes the “official” definition of recession. And the stock market is floundering. The Federal Reserve, despite the rhetoric, seems determined to do all it can to throw America into recession. An yet….
Businesses are growing.?I do start-up loans for businesses, SBA loans, and loans for businesses buying property, expanding, buying out partners and I am as busy as I have ever been.?The next few months look to be my best months EVER.?And I have been doing this since 2000.?Businesses are desperate for people still, and many businesses I talk to can’t keep up.?Sure, not all businesses, there ARE businesses that are finding it tough to turn a profit with higher prices and less demand, but there are plenty that is still booming. So honestly, are we in a recession or not-I just don’t know.?
Rates are higher, inflation is higher, and my business should be slowing down…but commercial loans and businesses are still very aggressive.?I just don’t know what to make of it.?For me, I see all the red flags, and I am ready to pivot should disruption or calamity strike, but?until it strikes, it hasn’t struck.?In other words, we keep moving forward but be ready for disruption.?It is the only solid play in this crazy time, be ready for disruption, but keep doing the right things until that disruption actually happens.?Otherwise, great opportunities are missed.
The BEST TIP for any business owner-whether your business is booming or is slowing down, work on YOURSELF.?Work on loving your employees better, your customers better, and yourself better-don’t beat yourself up over things you can not control, just worry about and be smart about the things you can control.?Not only will it yield better fruit in your life, but it will also make you a lot more peaceful and fulfilled.
If you are looking to buy or pull cash out, give me a call. I can do a pre-approval for the buyer OR the seller. And it is FREE!?Call Karen at 512-358-1511 today?or get started by filling out this form!?
Karen Schimpf
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Commercial Capital, Ltd.
O: 512-358-1511
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P.S.?OUR NEW PRIVATE FUND IS OUT. IF you have an SBA loan or a conventional loan that is in danger of dying because the bank is not going to get it closed in time, GIVE ME A CALL. We can close that on our private fund with as little as 7% all-in cost! WE CAN EVEN GO TO 90% LTV! Give me a call at?512-358-1511 or?get started by filling out this form started by filling out this form