The U.S. economic recovery is underway with a 3.2% increase to GDP in the first quarter, according to new data today from the Commerce Department
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.
According to an index of economic activity generated by The Federal Reserve Bank of Philadelphia, All six New England states posted economic growth for the three months ended March 31, 2010. Massachusetts and New Hampshire were among just four states with growth in excess of 1.0% for the period.
A complete list of the licensed SBICs in New England, updated in April 2010, including contact information, web address and a description of the types of investments made by the firm.
There were not a lot of positive signals from the lenders gathered this morning at the Langham Hotel in Boston for TMA’s annual “Asset-Based Lending Panel”.
Few legal documents you’ll sign in your lifetime are more complex or more daunting than the Purchase and Sale agreement that accompanies the sale of your business. While most sellers naturally focus their chief attention on purchase price and any hold-back amount, there
are often other terms within a purchase and sale agreement that can have greater impact on the final, long-term outcome for the selling shareholder(s).
Business Conditions as of April 1, 2010: Tatum LLC regularly surveys nearly 1,000 Financial and Technology Executives nationwide to gain insight into the U.S. business climate. Business conditions are again improving according to the Tatum Survey.
SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses.