April 2010
Operating a Troubled Company? Read this.
Most CEOs and board members of troubled companies don’t recognize that the company is truly distressed until there is some “trigger” event—such as a covenant default, the loss of a major contract or a failed attempt to refinance.
Lending Falls at Epic Pace – WSJ
U.S. banks posted last year their sharpest decline in lending since 1942, suggesting that the industry’s continued slide is making it harder for the economy to recover.
SBA 7(a) Loan Program: An Overview
The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses to secure up to $2 million of bank financing.
SBA 504 Loans: An Overview
The SBA 504 Loan program is designed to provide small businesses with low-cost debt financing of up to $1.3 million for the purchase of property, plant and equipment.
Letters of Credit
Letters of Credit are commonly used by borrowers to enhance the collateral used to secure a loan, and by businesses involved with international trade to guarantee payment for goods and services.
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