Cash is the lifeblood of any small business, and access to financing can be a critical factor in whether a small enterprise can grow and thrive. Businesses need credit to hire and to make capital investments. It may sometimes seem as if the chips are stacked against them.
For 17 years, Joe Petti ran a small manufacturing firm, Delaney Engineering in Milford. He says one of the biggest issues he faced growing his company was dealing with the banks.
More details are slowly emerging about the Connecticut-based financial expert that Warren Buffett has chosen to oversee investments at Berkshire Hathaway. The billionaire has been trying to arrange succession planning at the company after his five decades in charge.
A prominent UConn law professor has been tapped to advise the new Consumer Financial Protection Bureau, founded under the Dodd-Frank financial reform act. Patricia McCoy will be working on mortgages. McCoy is the director of UConn law school’s Insurance Law Center and an expert on consumer finance issues. She’s been a prominent commentator on the foreclosure crisis, and an advocate of protecting the rights of homeowners who were the victims of predatory lending.