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.
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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.
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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.
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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.
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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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