Avionics News May 2013 - 28
feature
CAPITAL
QUEST
Finding the Funds to Open, Expand or Sustain Your Business
S T O R Y
S
B Y
S C O T T
M .
S P A N G L E R
ugar coating bitter economic times may alleviate chronic worry for a moment, but it will
not solve the financial challenges facing small businesses today. This is especially true
for avionics shops, particularly those whose primary customers are general aviators
who fly for pleasure or personal business. Their return to previous levels of activity has been slower
than corporate and commercial aviation operations. Shops are adapting to this not-so-new economic
landscape in many ways. They may expand or diversify the goods and services they offer, and some
might start a new company to meet an unfulfilled need or market. Regardless of the goal, the need for
capital is common to all, as are the related questions of where to find it and how to borrow it.
With record corporate profits and a robust stock market, some might think that lenders are capital rich and
looking for new customers eager to borrow it. While the
former observation is true, the latter is not. The New York
Times painted an ugly financial picture on Feb. 13, 2013.
The headline said it all: “Small Businesses Still Struggle,
and That’s Impeding a Recovery.”
While big companies, especially those with a global
reach, are doing well, the article said the recovery has left
small businesses behind. They have a hard time getting
loans because consumers are not shopping. This should
28
avionics news
•
may
2013
not be news to small-business owners. The article reported that in a monthly survey of its members, the National
Federation of Independent Businesses’ optimism index
was the fourth lowest in 40 years. In other words, smallaviation business owners, you’re not alone.
Many small businesses that repaid past lines of credit
are often surprised to learn lenders now classify them as
high risk because, the article reports, optimistic lenders
have been burned. Small businesses without geographic
or product diversity have smaller margins for error, and
they cannot afford the tax write-offs for investing in
Avionics News May 2013
Table of Contents for the Digital Edition of Avionics News May 2013
Point of Communication
AEA now
The View from Washington
International News and Regulatory Updates
Beltway Briefing
Power Redundancy in the Age of Digital Cockpits
Member Profile
Capital Quest
Avionics News Through the Years
Equipping for International Operations
A Conversation With...
Member Profile
What is Australia Waiting For?
AEAviators
Going Global
Business Basics
The History of Avionics
Meet the AEA Board of Directors
A Real-Time Look at Airborne Weather Radar
Aviation Aces
Legal Ease
What's New
Marketplace Classifieds
Avionics News May 2013 - Intro
Avionics News May 2013 - Cover1
Avionics News May 2013 - Cover2
Avionics News May 2013 - 1
Avionics News May 2013 - 2
Avionics News May 2013 - 3
Avionics News May 2013 - Point of Communication
Avionics News May 2013 - 5
Avionics News May 2013 - AEA now
Avionics News May 2013 - 7
Avionics News May 2013 - 8
Avionics News May 2013 - 9
Avionics News May 2013 - 10
Avionics News May 2013 - 11
Avionics News May 2013 - 12
Avionics News May 2013 - 13
Avionics News May 2013 - The View from Washington
Avionics News May 2013 - 15
Avionics News May 2013 - International News and Regulatory Updates
Avionics News May 2013 - 17
Avionics News May 2013 - 18
Avionics News May 2013 - Beltway Briefing
Avionics News May 2013 - Power Redundancy in the Age of Digital Cockpits
Avionics News May 2013 - 21
Avionics News May 2013 - 22
Avionics News May 2013 - 23
Avionics News May 2013 - Member Profile
Avionics News May 2013 - 25
Avionics News May 2013 - 26
Avionics News May 2013 - 27
Avionics News May 2013 - Capital Quest
Avionics News May 2013 - 29
Avionics News May 2013 - 30
Avionics News May 2013 - 31
Avionics News May 2013 - Avionics News Through the Years
Avionics News May 2013 - 33
Avionics News May 2013 - Equipping for International Operations
Avionics News May 2013 - 35
Avionics News May 2013 - 36
Avionics News May 2013 - 37
Avionics News May 2013 - 38
Avionics News May 2013 - 39
Avionics News May 2013 - A Conversation With...
Avionics News May 2013 - 41
Avionics News May 2013 - Member Profile
Avionics News May 2013 - 43
Avionics News May 2013 - 44
Avionics News May 2013 - 45
Avionics News May 2013 - What is Australia Waiting For?
Avionics News May 2013 - 47
Avionics News May 2013 - 48
Avionics News May 2013 - 49
Avionics News May 2013 - AEAviators
Avionics News May 2013 - 51
Avionics News May 2013 - Going Global
Avionics News May 2013 - 53
Avionics News May 2013 - 54
Avionics News May 2013 - 55
Avionics News May 2013 - Business Basics
Avionics News May 2013 - 57
Avionics News May 2013 - 58
Avionics News May 2013 - 59
Avionics News May 2013 - The History of Avionics
Avionics News May 2013 - 61
Avionics News May 2013 - 62
Avionics News May 2013 - 63
Avionics News May 2013 - Meet the AEA Board of Directors
Avionics News May 2013 - 65
Avionics News May 2013 - 66
Avionics News May 2013 - 67
Avionics News May 2013 - A Real-Time Look at Airborne Weather Radar
Avionics News May 2013 - 69
Avionics News May 2013 - 70
Avionics News May 2013 - 71
Avionics News May 2013 - 72
Avionics News May 2013 - 73
Avionics News May 2013 - Aviation Aces
Avionics News May 2013 - 75
Avionics News May 2013 - Legal Ease
Avionics News May 2013 - 77
Avionics News May 2013 - What's New
Avionics News May 2013 - 79
Avionics News May 2013 - 80
Avionics News May 2013 - 81
Avionics News May 2013 - Marketplace Classifieds
Avionics News May 2013 - 83
Avionics News May 2013 - 84
Avionics News May 2013 - Cover3
Avionics News May 2013 - Cover4
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