Enhanced Capital President and CEO Michael Korengold provided insight for an article by Long Island Business News on “Inflation and higher energy costs squeezing small businesses.” Written by journalist David Winzelberg, the piece looks at how small business owners in the New York area and across the country are reporting that inflationary pressures are hurting their bottom line and impacting their ability to hire and retain workers.

Michael comments on inflationary economic cycles making it more difficult and certainly more expensive for small businesses to access new capital from traditional banks and private lenders.

“Governments can play a greater role by partnering with small businesses and new investors to incentivize growth so that these businesses are able to expand and survive,” Michael said.

Read the full article on Long Island Business News.