The economy is stronger than ever before. It takes only a glance at the news to notice that the U.S. is experiencing an unprecedented economic growth spurt.
A strengthening economy is evident by the fact that, as of last month according to U.S. Department of Labor 3 million more Americans were making paychecks than they were 12 months ago. Yet, despite the fact that unemployment rates have dropped to an all-time low, and are at levels not seen since 2006, many people are still struggling to find work.
Chances are that you, or someone you know, is in this situation. Here’s how: The United States currently has approximately 500,000 companies with annual revenues between $5 million to $25 million. These are companies that have had success in obtaining start-up financing through the help of their families and friends, but then have grown and now require more capital.
“Today 80 percent of investments in private companies are made within a 50 mile radius of that enterprise,”” YourStreet FundsStephen H. Watkins, CEO “The problem is that Wall Street struggles to find these companies in an efficient manner.”
This is where the YourStreet Funds Independent Sales Organization members (ISO) come in. These are identified by the sales member. “faceless”Companies with a growth plan but not enough capital to attract Wall Street’s attention will be able to grow. However, they are more likely to need capital than family members or friends to sustain their growth.
Watkins claims that these companies are where the real wealth is. “economic and employment growth for America will occur if given a chance.”
“Unfortunately, this void of companies, this chasm, has few resources and places to go for continued financing,”He says.
Watkins said that the solution is a collaborative effort of YourStreet’s ISO network and regional and local brokers and sales reps throughout the country.
“Mortgage brokers in every community know all the companies that fall into this category, as well as the CEO’s and presidents of these growing companies,” says Watkins. “Through the ISO network, the YourStreet Funds reach a large number of profitable companies across the nation, companies who would like growth capital for their business, so that in turn, they can hire more employees.”
Visit yourstreetfunds.com for more information.
