Small Biz Finance columnist

Wojtowicz, president of Cambridge Capital Management Corp. in Indianapolis, writes about issues that affect financing for small-business owners. Since about 70 percent of employees work for small firms, she figures that’s a big audience. Wojtowicz started learning about small businesses by working in a variety of her family’s businesses in Antigo, Wis., including a furniture store, real estate office and the family movie theater business. After graduating from the University of Wisconsin, she moved to Indiana and now considers herself a full-fledged Hoosier. Her company manages four alternative small-business financing programs. Through those funds her firm has provided over $400 million to more than 1,100 Indiana companies. Wojtowicz counts among her borrowers a diverse lineup of companies that help the Indiana commercial landscape grow: including landscapers, airports, software designers and a variety of manufacturers.



Recent Articles

WOJTOWICZ: Lots to consider when weighing mortgage payoff

June 21, 2013
You certainly don’t want to keep paying a mortgage if it restricts your business in other areas. But you don’t want to cough up too much at once and have the same effect.

WOJTOWICZ: Prepare, then apply for small-business loan

March 4, 2013
To write (or refresh) your mission statement, think about what you do, how you do it and why you want to do it.

WOJTOWICZ: Is small-business ownership for you?

November 30, 2012
The horror stories are sobering: Dun & Bradstreet reported earlier this year that businesses with fewer than 20 employees have only a 37 percent chance of surviving four years and just 9 percent will be around 10 years.

WOJTOWICZ: Lenders need financial statements to protect investment

August 27, 2012
The bank needs to know how your business is doing right now (usually the most recent 30 or 60 days), rather than rely on your current year’s tax return that may have aged several months.

WOJTOWICZ: It pays to know environmental requirements

June 29, 2012
Unexpected problems add to the headaches of opening or relocating a business, and we hear a lot about the hang-ups of required, but annoying, environmental investigations.

WOJTOWICZ: Temporary program helps refinance commercial mortgages

February 24, 2012
A recent study from Credit Suisse found that over $15 billion of small commercial mortgages (under $5 million) are coming due in the next few years.

WOJTOWICZ: Do homework before meeting business lender

December 19, 2011
Prepare to talk in detail about your business, the plans you are making and the reasons for expanding before you show the banker the facts and figures.

WOJTOWICZ: Character always counts—even in loan decisions

September 23, 2011
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.

WOJTOWICZ: Missed tax payments could affect business loans

July 1, 2011
Property tax billing and collection were at their most confusing during the recession, when businesses were experiencing lost revenue, poor projections and, in general, toughing it out as best they could.

WOJTOWICZ: Relief available for firms with falling real estate values

June 3, 2011
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.

WOJTOWICZ: How to lay your hands on working capital

December 6, 2010
Small-business owners looking for working capital would be well-served to do their research in advance and can ask their bankers about several approaches, including financing based on assets.

WOJTOWICZ: Be careful when locking in low loan rate

August 27, 2010
This may be a golden opportunity for small-business owners to lock in a low rate to finance expansion. But make sure you understand the loan agreement.

WOJTOWICZ: Is it time to buy rather than lease space?

November 28, 2009
Buying a building for your business is still possible in a tight lending market, but bankers will review real estate purchases carefully.

WOJTOWICZ: Stimulus is expanding small-biz lending

July 27, 2009
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.