Author Archive
Stories written by HughMan
Hugh W. Connelly Managing Editor A seasoned small business owner, financier and consultant. A finance professional experienced in raising venture capital, commercial lending, corporate finance and investment banking. I have helped small businesses and small business finance companies raise money and expand in the US and Europe. I currently lead a nationwide small business finance company with customers in every state and in various industries. The goal for The Main Street Herald is to make it a place targeting the needs and issues of small business. My professional credentials include: CFA (Chartered Financial Analyst); Masters in Finance; frequent speaker on small business issues, and gray hair.

Video: Bill Dunkelberg on Small Biz staffing

Bill Dunkelberg is THE source of economic information on small businesses. This is a must watch video.

Video: Zandi on the Economy

Small Business Recovery – Starts Now!


Here Comes the Small Business Recovery Better late than never, small businesses appear to be leaving the recession behind and starting on a track of slow, but steady growth.  The National Federation of Independent Businesses’ (“NFIB”) latest survey results show the optimism index flat, but up off the 1Q09 bottom.  The stabilization in small business […]

New Mexico Defaults?


Is a Non-appropriation the same as a default? The State of New Mexico may be the first of the states to “non-appropriate” funds for various existing contracts.  What is a non-appropriation?  A non-appropriation is when a government decides to cancel a contract early because it does not have the money in the budget to complete its […]

Small Business Sentiment Flat in February


The Discover small business economic confidence index was essentially flat for February 2010.  Perhaps the only good news in the report was the fact that the index is actually up 13 points year-over-year. While the small business economy is still frighteningly weak, it is hard to believe that we are substantially better than a year […]

SBA Direct Lending a Bad Idea


Today’s Wall Street journal (3.4.2010, page B6) had a very scary article. The author seemed to promote the idea of allowing the Small Business Administration to lend directly to small business and not make small businesses go through local banks to obtain an SBA loan.  Clearly, the SBA needs fixing but this is not the […]

The Future of Small Businesses


Are we seeing the end of small businesses?  As we plod through the Great Recession and the biggest companies have been given billion of dollars while the small businesses are given additional regulation, small businesses are threatened.   It is almost as if the market, or government does not want the small business to survive.  It […]

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