What’s driving small businesses crazy,” said McCracken, “they hear from both sides how much they are important and everybody wants to do something for small businesses but it doesn’t quite ever seem to get done.
Lexington, KY (PRWEB) September 18, 2010
Squeezed by tight credit and slow sales, many small businesses are wringing their hands in despair. Small Businesses, considered the economic engine of the economy are no longer producing enough steam to create an impact. An alternative has been created to assist small businesses out of their credit conundrum. A new online service, Partners In Demand (P.InD.), has been developed to help businesses find the resources they need to grow and expand. The service works by matching the opportunity requirements of one business to the resources of another; thereby, eliminating or minimizing the need for a loan.
President Obama has promised help for small businesses using a small business jobs bill. The bill authorizes the creation of a $30 billion lending fund which will allow cheap capital to community banks. Some community banks already say they have the money to lend but don’t have enough good applications. Thus, cheap capital to community banks may still not increase lending to small businesses. Todd McCracken, president of the National Small Business Association, appeared in a recent interview with J J Ramberg on MSNBC Your Business to discuss the bill. “What’s driving small businesses crazy,” said McCracken, “they hear from both sides how much they are important and everybody wants to do something for small businesses but it doesn’t quite ever seem to get done.”
When expanding and growing, businesses traditionally seek bank loans to help them build or buy the technology, capabilities or resources they need. With the scarcity of loans, build or buy may no longer be a viable option; therefore, if they can’t build or buy, they must partner.
Partners In Demand has the potential to be a game changer for savvy business owners. Consider the high capital investment requirements for the manufacturing industry. Partners In Demand can facilitate alliances that would allow diverse manufacturers to produce different components for the same product; in another, it could aid in an alliance that would allow one to make the product while the other provides distribution. In the Information Technology industry, P.InD. could help facilitate partnerships and joint ventures with software and hardware companies so they can offer more comprehensive solutions and speed the flow of their products and services to the market. Engineering firms, which often specialize in a particular type of work, could use P.InD. to find partners to offer a greater range of expertise and offerings. P.InD. can be used by any number of industries to help boost productivity, grow market share, expand product lines and alleviate cost pressures from raising development costs without the need for a loan.
Partners In Demand works by offering an automatic matching service, which searches the database for a match to fulfill the company's match requirements. When a match is made, the business is notified. Businesses have the option of reviewing the company profile of the matching company and deciding if they want to communicate with the company about the potential business alliance. The service is free until October 31, after which, a small fee will be charged. To learn more, go to http://www.PartnersInDemand.com.