Scott Shane, Professor of Entrepreneurial Studies at Case Western Reserve University published a recent commentary on Bloomberg Businessweek that will likely echo thoughts of many lenders, borrowers and advisors. Professor Shane likens the Federal Reserve’s efforts to manage small business credit to the story of Goldilocks and the Three Bears. Bernanke and his Fed team, supplanting [...]
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Leveraged loans originated prior to the economic downturn are coming due over the next several years. Lender expectations have changed drastically since these loans were originated between 2003 and 2007. Many senior banks and asset-based lenders that were hamstrung throughout the recession by the loss of liquidity are licking their wounds, which in combination with [...]
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Private Equity is making a strong comeback with total capital invested in 2010 up 2.5x since 2009, and Q1 2011 up 55% from the same quarter a year ago. The Lower Middle Market seems to be a driving force with continually growing funds, while reaching record deal volumes. The Business to Consumer sector is leading [...]
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The number of defaults by corporate debt issuers fell by nearly 80 percent last year, according to a report issued Monday by Moody’s Investor Service. According to Moody’s, only 57 of the corporate debt issuers it rates globally, defaulted on a total loss of $39.1 billion 2010. This number is down dramatically [...]
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Denver, CO – February 2011 – SDR Ventures, Inc., a Denver-based investment banking firm, announced the sale of Mountain Steel and Supply Co. of Denver (“Mountain Steel”) to Drake-Williams Steel of Omaha (“Drake-Williams”). Mountain Steel is a 33 year-old certified structural steel fabricator, contract manufacturer, and field erector located in Denver, CO. Key Mountain Steel [...]
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Following the worst recession in years, businesses in the manufacturing and wholesale distribution industries are reporting encouraging improvements in overall business conditions. According to a 2010 survey of 1,061 executives and managers of manufacturing and wholesale distribution enterprises conducted by RSM McGladrey, Inc. the industry is showing signs of life and appears to be on the rebound after a [...]
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Thanks again to those that participated in the survey and contributed to the production of meaningful results. Q4 2010 Theme – “Optimism Abounds” Based on survey results, SDR notes a clear sign of optimism amongst our clients and contacts. With over 3/4 of those polled indicating that they will be hiring in 2011, we [...]
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Thanks again to those that participated in the survey and contributed to the production of meaningful results. Clear Separation of Data Conveniently, the survey results can be broken-down into four distinct quartiles. Capital Access, Employee Management and Company Performance represented the top 3 business issues. In fact, each of these three business issues were [...]
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The SBA 7(a) loan program is the SBA’s primary program for providing start-up and existing small businesses access to capital. SBA 7(a) loans are issued by commercial lenders, and are guaranteed by on average 75% by the SBA. The program is very flexible in terms of business model and use of proceeds, depending upon the [...]
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Private Equity funded the second busiest quarter in two years in third quarter 2010. The quarter yielded 316 investments totaling $28 billion, and 97 exits, totalling $16.8 billion. According to Pitchbook, each of those totals represents an increase from third quarter 2009, suggesting that Private Equity may be at the beginning of a recovery stage. In addition to Private Equity continuing [...]
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