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Tuesday, April 05, 2011

Leveraged Loans for Take-Overs and LBOs are Back

Banks have again started to provide large bridge financings for deals, and in some case keep all of the lending business for themselves rather than spread the risk over a syndicate, an indication of just how competitive the world of corporate and commercial lending is becoming. Take for example the JPMorganChase $20 billion unsecured bridge loan to fund AT&T’s $39 billion purchase of T-Mobile USA from Deutsche Telekom.

Friday, September 17, 2010

Small Business and Middle Market Outlook 2010

Forbes Insights, in association with CIT, recently published the report “U.S. Small Business and Middle Market Outlook 2010”.

Posted by in Banks, News, Surveys and Reports
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Tuesday, August 17, 2010

Credit Standards, Loan Covenants, and Rate Spreads Eased in Q2

As banks saw increased competition for commercial & industrial lending, credit standards began to ease in the second quarter, according to the Federal Reserve. Of the senior loan officers surveyed in July, 12.5% indicated a relative easing of credit on large and middle-market borrowers (revenues in excess of $50 million), and 14.5% indicated a relative easing of credit for smaller firms, the first time credit standards have eased for small firms since 2006.

Thursday, June 03, 2010

SBA Lenders in New England

Looking for a small business loan in New England? Here you will find a comprehensive list by state of all the banks currently participating in SBA loan programs.

Thursday, May 27, 2010

What’s the difference between “Middle Market” and “ABL”?

For most banks and finance companies with more than $1 billion in assets, commercial lending is typically segmented into Large Corporate, Middle Market, and Business Banking. “Middle Market” and these other segments are generally understood to describe a type of borrower, whereas “ABL” (asset based lending) refers to a type of loan.

Thursday, May 06, 2010

Bernanke Sees `Reasons for Optimism’ on Bank Lending (Bloomberg)

Fed Chairman Ben Bernanke, speaking this morning at an event in Chicago, said “Although bank credit remains tight, I see some reasons for optimism. The economy is recovering, and banks’ senior loan officers expect a “modest reduction in their troubled loans” over the next year, outside of commercial real estate.”

Wednesday, May 05, 2010

Recapitalization: When does it make sense for your business?

For a business to “recapitalize” there must be some transaction where new capital comes into the business. Businesses recapitalize for many different reasons, including liquidity for shareholders, expansion capital, or repayment of debt.

Thursday, April 29, 2010

Boston Commercial Bankers Have Money to Lend

Banks in and around Boston have money to lend and are looking for deals. Interest rates on revolving lines of credit are currently pricing at LIBOR + 350 for commitments of $2 million to $10 million, and as low as LIBOR +175 for larger deals.