Wall Street Journal article by Tom Barkley. Declaring small businesses as “central” to tackling unemployment, the Fed chief said not enough is being done to ensure that financially sound companies can obtain loans.
“Overall, the results suggest that the bundle of inputs that angel investors provide have a large and significant impact on the success and survival of start-up ventures,” the study says.
The study examined the performance of 130 firms that received interest from Tech Coast Angels and CommonAngels between 2001 and 2006. The samples include companies that ultimately won funding or were turned down.
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.
Cash flow lenders have become harder to find in recent years, but for credit-worthy borrowers with stable cash flow from operations, there is still money to be had.
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.
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.