A recent blog post cited data from a Thomson Reuters study indicating that the number and quality of asset based credit lines is growing.  That is great news, especially for small and mid-sized businesses who are often turned down by their banks and rely on working capital from alternative …

Banks have apparently resigned themselves to the fact that the economy is still sluggish.  Creditworthy borrowers are harder to come by than ever, leading to a decline in lending and therefore no big revenue recovery for the Banks.   To combat the sluggish growth in profits, banks are clamping …

Even as consumer credit enjoys the prospect of a brighter future, according to a recent survey of bank risk managers, the outlook for business credit is not so rosy.  The general consensus of 272 bank risk managers indicates that the credit crunch for small business is going to get worse before it …

Source: CNN Money, June 1, 2011 by Randy Schwimmer While few people were paying attention, asset-based lending returned with a vengeance. Most of the attention in leveraged loans these days has gone to the cash-flow crowd. With few exceptions, little has been written about asset-based lending. Yet …

The quarterly report recently released by the Commercial Finance Association, underscores the rising need for business credit.  With all data in from those lenders surveyed, the CFA attributes this increase in credit needs to a rise in the economy.  Their assertion is that as businesses emerge …

Bankruptcy can offer businesses a fresh start but should be a last resort.  It is time consuming, expensive and poses problems for businesses looking for capital in the future.  In most cases, filing for bankruptcy can be avoided by using a debt restructuring firm to negotiate with creditors.  …

Surprisingly, despite a bankruptcy filing, small businesses are still able to reorganize and become profitable.  The major difference between those who have filed vs. those who have not, according to a recent report released by the USSBA, appears to be their ability to qualify for future loans …

Surprisingly, a bankruptcy filing does not seem to burden small businesses any more than normal.  The major difference between those who have filed vs. those who have not, according to a recent report released by the USSBA, appears to be their ability to qualify for future loans and the percentage …

A Recent CFA study shows that asset based lenders play a critical role in providing the financing businesses need to stay afloat and grow through tough times.  Often, businesses experiencing a rough patch or rapid growth cannot qualify for a conventional bank loan. In this case, an asset based loan …

Source: CNN Money.com, by Catherine Clifford 2/11/11 NEW YORK (CNNMoney) -- The numbers back up what small business owners have been saying for two years: Main Street suffered a brutal credit crunch. The total value of outstanding loans to small businesses plunged by $43 billion, or 6.2%, between …

Source: The Arizona Republic, Jan. 1 2011, by Russ Wiles Tight bank credit has created opportunities for rival lenders, including factoring companies. These firms offer loans to businesses based on their uncollected billings. "They're getting advances on their accounts receivable," said Robyn …

Interview with: Doug Winget, FirstMerit Bank source: by Matt McClellan, Smart Business Columbus | November 2010 For many companies, obtaining credit through conventional cash flow lending arrangements can be difficult. They may be having operational problems, undergoing rapid growth, dealing with …

Source: The Columbus Dispatch.com Newsmaker Q&A Sunday, October 17, 2010  Politicians in Washington have differing ideas about how to jump-start the U.S. economy, but most agree that entrepreneurship and small business will be the driving forces behind a long-term recovery. This year, …

Source:  Bloomberg News By Christine Richard and John Detrixhe - Sep 30, 2010 Record-low borrowing costs for the biggest U.S. companies such as Microsoft Corp. are failing to trickle down to Mel Hodges’s five-person computer consulting firm in Pennsylvania. Microsoft, the world’s largest …

Source: New York Times,  September 15 by Catherine Rampell for Economix The biggest single problem facing America’s small businesses isn’t taxes or overregulation. It’s low demand, according to a new report released by the National Federation of Independent Business. Thirty-one percent of …

Source: New York Times, July 22, 2010 By DAVID HERSZENHORNThe Senate voted on Thursday to include a proposed $30 billion lending program in a package of aid for small businesses, as two Republicans joined with Democrats to support the amendment. The vote was 60 to 39, with Senators George LeMieux …

Source: Associated Press WASHINGTON – Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that can't get loans — or hire freely until they do. The gap helps explain why the economic rebound isn't stronger and could even …

source: Fort Worth Business Press , July 05, 2010 BY JEFF NOLAND  Despite bank bailouts from Washington, D.C., credit for small and mid-sized businesses remains extraordinarily tight. For many banks, the lending pipeline is simply too clogged with “non-bankable” loans to even consider …

Source: New York Times.comBy ROBB MANDELBAUMIt was late October when President Obama first called for measures to stabilize struggling small businesses. Then, in his State of the Union address in January, he emphasized the role small business would play in healing the nation’s wounded economy. But …

source: Long Island Business News (libn.com) Published: May 19, 2010 By Thomas R. Slome Bankruptcy can be expensive, often too expensive. The cost of a Chapter 11 reorganization proceeding for a small company, one with $10 million in annual revenue for example, is nearly as much as a larger company …

source: CNNMoney.com by Catherine Clifford The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday. The Congressional Oversight …

source for article:  by Eric Morath Fast-Moving Cases Put Pressure on Unsecured Investors to Act Aggressively More and more overleveraged, recession-battered companies are ending up in bankruptcy owing their creditors much more than they are worth, which is forcing unsecured creditors to make …

source for article: chicagotribune.com by Kevin G. Hall, McClatchy/Tribune news Owners report loans are hard to obtain, curtailing employment — Capital is the oxygen that a small business needs to survive and thrive, yet across the country, the air's pretty thin, as business owners complain of …

source for article:    fins.com   by  Kyle Stock -- Small asset-based lenders are growing. -- Large banks are growing their asset-based lending businesses. -- What it takes to break into the asset-based lending game. When the University of Alabama booked its trip to the college football …

Source for Article: CNNMoney.com, by Catherine Clifford reporterJanuary 18, 2010: 2:50 PM ET NEW YORK (CNNMoney.com) -- The nation's biggest banks cut their collective small business lending balance by another $1 billion in November, according to a Treasury report released late Friday. The drop …

source for article: latimes.com by Nathan Olivarez-Gile, December 22, 2009   With credit tight and consumers still pinching their pennies, many business owners find they can't go on. The Obama administration's new plan to give a boost to small businesses reflects continued trouble in that sector, …

source for article:  CNNMoney.com By Catherine Clifford, staff reporterDecember 16, 2009: 5:42 PM ET NEW YORK (CNNMoney.com) -- The small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report …

source for article: Wall Street Journal, December 9, 2009 DECEMBER 9, 2009 Lending Squeeze Drags On By LIZ RAPPAPORT and SERENA NG Consumer lending shrank 1.7% in October, the ninth consecutive drop, extending the dramatic decline of financing available to help fuel the U.S. economy. The $3.5 …

source: Reuters.com, by James B. Kelleher Fri Oct 30, 2009 10:04am EDT CHICAGO (Reuters) - Defaults by small and medium-sized U.S. businesses on the loans, leases and lines of credit they use to finance capital equipment investment rose in September as lenders remained reluctant to extend fresh …

source for article: The New York Times, October 13, 2009 by Peter S. Goodman Many small and midsize American businesses are still struggling to secure bank loans, impeding their expansion plans and constraining overall economic growth, even as the country tentatively rises from its recessionary …