Archive for the «Lenders/Providers» Category
Element Establishes Strategic U.S. Vendor Platform with Acquisition of CoActiv Capital Partners – and – Announces $100 Million Equity Financing To Fund the Transaction and Related Growth
Transaction delivers established vendor programs and expertise to anchor Element’sU.S. growth strategy CoActiv generates US$220 million in annual originations through more than 15 vendorfinance programs Acquisition provides scalable U.S. and Canadian platforms with proven originationcapabilities Complementary vendor platform provides natural fit with Element’s current businessverticals and cross-border potential accelerates growth strategy Acquisition expected to be accretive to Element’s 2013 earnings per share; acquired at1.25 multiple to book value Bought deal equity financing further strengthens Element’s balance sheet and providesadditional…
I attended a webinar a few weeks ago called “Best Practices in Buying and Selling a Business with a Focus on Financing.” It explored the availability of transactional financing to buy or sell a small business. BoeFly.com, an online matchmaking site that pairs borrowers with lenders presented the webinar. Mike Rozman, BoeFly’s co-president moderated the panel with expertise in buying and selling small businesses, financing, appraising and brokering existing franchises.
To start the event, Rozman introduced Beth Solomon, vice president of the International Franchise Association. “The IFA and BoeFly have a strategic alliance in which we’re working together to offer tools and solutions, good advice, counsel, information that our members can use to advance in franchising, especially on the financing side,” she said.
Tasti D-Lite CEO Jim Amos: It’s Time for Small Businesses to Stand Up and Demand Attention from Government
Regulation and new laws are choking businesses, which must speak out.
Businesses have had a tough time since the economic meltdown of 2008. We have been hit from so many different directions simultaneously and rapidly that we have focused on simple survival.
Washington needs to take steps to help small businesses grow the economy.
In the meantime, in response to the economic crisis, the federal government has imposed a raft of new regulations and laws on business owners that, however well-meaning, have served to further strangle small business investment and add red tape to the process of running a business.
TD Bank hosted a rooftop reception in Washington July 19 to announce a stepped-up small business lending campaign in the region under the leadership of Regional President Brian Monday and Senior Vice President Richard Bradshaw, the bank’s SBA chief.Bradshaw is an experienced lender and business builder who has been growing TD’s franchise lending program. It’s part of the bank’s strategy to outrun its larger competitors.TD is integrating service lines to maximize efficiency and capacity for business and personal clients. “It’s 1…
The International Franchise Association and the Consumer Bankers Association unveiled the Franchise Small Business Lending Accelerator, a new tool to expedite small business loans to the franchise sector and bridge the “lending gap” between loan demand and availability, which according to estimates reached as much as $2 billion and cost the economy up to 10,000 new franchise establishments and 94,000 jobs annually during the recession.The Franchise Small Business Lending Accelerator is an online tool developed in collaboration between members of…
The International Franchise Association introduced new tools to help bridge the gap between banks and franchisees looking for financing, including a Franchise Lending Index and Franchise Lending Template, at its second annual Small Business Lending Summit last week in Washington, D.C according to an article in Nation’s Restaurant News.
The IFA announced a strategic alliance with Guidant Financial, an industry leader in small business financing. With the issue of credit still a factor for job growth, Guidant and the IFA will jointly develop and conduct educational programs focused on credit access for franchise businesses.
Bank of America has added more than 90 small-business lenders to its roster in Georgia, North Carolina and South Carolina. The move is part of the bank’s goal of adding 1,000 small-business bankers across the country.
Recognizing the dilemma faced by small businesses as a result of the contraction in the credit markets, the SBA has temporarily modified its 504 Program to allow the refinancing of existing debt and the use of the equity in the property for long term working capital needs.
Benetrends is proud to announce the expansion of their business-financing firm with the opening of a new office in Coronado, California. As one of the nation’s leading providers of small business financing, Benetrends (http://www.benetrends.com) was founded in San Diego and is currently successfully based in North Wales, Pennsylvania. This cross-country growth represents a return to the company’s west coast roots and further establishes the firm’s nationwide coverage.