The beginning of 2022 has seen quite a few challenges for the American economy overall and specifically the agricultural industry. Escalating inflation and interest rate hikes by the Federal Reserve have hinted at continued high costs for everything from daily expenses to business supplies and employee wages. A third wrench was thrown into the mix with the Russian invasion of Ukraine. Those two countries supply roughly 30% of global wheat exports, 20% of corn exports and more than 70% of the world supply of sunflower oil. The associated disruption has exacerbated already strained supply chains.
President Franklin Roosevelt said, “When you reach the end of your rope, tie a knot and hang
on!” That is so true for small business owners—they face risks head on, overcome
insurmountable obstacles and hustle every day to make their businesses successful. The
innovation and determination of small businesses is what drives our economy forward.
In my role as an SBA Lender at Univest, I get to work with some of the most inspiring small
businesses imaginable. These are people that took a concept, invested everything they had and
work hard every day to make their dreams into reality….
In honor of Small Business Week, Edwin Roman, Vice President and SBA Relationship Manager,
provided insight from his career working with local business owners. Check out the Q&A:
Tell us about your experience working with small businesses.
I’ve spent more than 20 years working with small business owners as a banker and as a board
member of the Greater Philadelphia Hispanic Chamber of Commerce. I truly enjoy and take pride in providing financing to small business owners to help them accomplish their goals. It’s special knowing that, with the support of…