Posted by Kelli Matonak on Sun, Mar 14, 2010 @ 09:28 AM
Brought to you by The March Group's Corporations4sale.com blog.
Good news for business buyers!
IBBA Electronic Communication for March 11th 2010
Senate Passes HR 4213, Includes NAGGL-Originated Amendment to Extend & Fund SBA Recovery Act Provisions through CALENDAR Year
On March 10th the Senate passed HR 4213, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes -- more commonly called the 'Tax Extenders Bill' to extend jobless benefits, tax breaks... and small business programs.
The bill includes an amendment sought by NAGGL that increases the amount of funding to further extend the SBA Recovery Act provisions. NAGGL argued that the additional $354 million proposed in earlier legislation would likely not support SBA lending stimulus provisions through even the end of the fiscal year.
Senators Mary Landrieu (D-LA) and Snowe (R-ME)(the Chair and Ranking Member of the Senate Committee on Small Business & Entrepreneurship) concurred with NAGGL. As part of a technical amendment, the Senate has increased the funding to $560 miliion (in addition to the $60 million for March). The $620 million total should be sufficient to get the SBA lending industry through the end of the CALENDAR year. The bill also includes an extension of the authorization of the SBA Recovery Act provisions through 12/31/2010.
What's next? HR 4213 now goes to the House for consideration. NAGGL is hopeful that all congressional work will be completed and the bill signed into law by the March 28 expiration of the recently extended stimulus provisions.
You can keep updated by visiting www.naggl.org and we will continue to send out email alerts.
Posted by Kelli Matonak on Fri, Mar 12, 2010 @ 09:23 AM
-brought to you by The March Group's Corporations4sale blog-
SBA Legislation Special Update
Extension of SBA Recovery Lending Programs Will Support $1.8 Billion in Small Business Lending
Agency plans to restart Recovery loan approvals on March 10
WASHINGTON - President Barack Obama signed legislation Tuesday extending until March 28 the U.S. Small Business Administration's ability to provide small business loans that are enhanced with special provisions of the American Recovery and Reinvestment Act (ARRA), including a higher guarantee of SBA-backed loans and a waiver of loan fees normally paid by borrowers.
SBA estimates the additional funding will support about $1.8 billion in small business lending.
New approvals of eligible loans with the higher guarantee and reduced fees made possible by the Recovery Act are expected to resume on March 10. Loan applications from borrowers in SBA's Recovery Loan Queue will be funded first, followed by new loan applications.
"These key loan programs have been successful in helping jump-start the economic recovery for America's small businesses," said SBA Administrator Karen Mills. "The increased guarantee and reduced fees on SBA loans helped put almost $22 billion into the hands of small business owners and brought more than 1,100 lenders back to SBA loan programs. As a result, average weekly loan approvals by SBA have climbed by 87 percent compared to the weekly average before passage of the Recovery Act.
"We will continue working with the President and with Congress to move forward with proposals for a longer extension for these important program enhancements, as well as higher loan limits, refinancing for commercial property loans and other significant ongoing support for small businesses. Small businesses need the changes the President has called for to ensure that they have the tools they need to drive economic growth and create jobs in communities all across the country."
As part of the Recovery Act, SBA received $730 million, which included $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to waive borrower fees on most 7(a) and 504 loans. The funds for these programs were exhausted on Nov. 23, and an additional $125 million was provided in December. Those funds were exhausted in late February.
SBA has implemented the Recovery Loan Queue twice before as part of its temporary transitions back to pre-Recovery Act lending. Eligible small businesses, in consultation with their lender, could choose to be placed in the queue for possible approval of a Recovery Act loan if funding became available from loans canceled for a variety of reasons. Currently there are 652 loan requests totaling $230 million in the Recovery Loan Queue.
The extension signed by President Obama authorizes the higher guarantee levels through March 28, 2010, for 7(a) loans. The fee relief is available until the additional funding is exhausted or the end of the fiscal year on Sept. 30, whichever comes first. As was the case in November and again in February, SBA is prepared to transition into a queue system as the funds start to wind down in order to ensure the maximum simulative effect of the programs and disbursement of funds.
For non-Recovery Act 7(a) or 504 loans already funded during the transition period, this extension does not provide a retroactive guarantee or waived fees. Loans that were funded under non-Recovery Act terms cannot be canceled and resubmitted to take advantage of the Recovery Act extension provisions.
This extension does not affect other SBA Recovery Act programs, including the America's Recovery Capital (ARC) loan program or the agency's microloans. Recovery Act funding still remains available for both of those programs.
For more information visit the SBA website at: www.sba.gov/news or contact Hayley Matz (202) 205-6948
Posted by Carl Doerksen on Thu, Oct 15, 2009 @ 12:14 PM
Ted Rouse, co-head of global M&A for Bain & Co. Inc., has recently written a book entitled “Winning in Turbulence” (Harvard Business Press). In this book Rouse examines why “serial acquirers” are so successful in their acquisition plans, even during turbulent times.
Their secret? Instead of following the herd mentality and hunkering down and conserving cash during recessions, these successful serial acquirers actively look for deals. They know that investments made in today’s market will generate the greatest returns in the long run.
Abbott Laboratories (NYSE:ABT), Medtronic Inc. (NYSE:MDT), Danaher Corp. (NYSE:DHR) and Illinois Tool Works (NYSE:ITW) are a few of the companies that Rouse examines as successful serial acquirers. And there are others that also come to mind. And what traits do all of these firms have in common? According to Rouse they exhibit these characteristics in their acquisition strategies:
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Have a clear deal thesis that puts on paper the logic of the deal and the assumptions on which it's being pursued
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Conduct transactions that are relatively close to their core
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Avoid swinging for the fences ("The worst performing acquirers," says Rouse "are those that buy infrequently, and when they do, they do large transactions."),
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Buy throughout the economic cycle
As we have said before, smart money knows that now is the time to buy. Serial acquirers that are successful are following these principles in today’s market to expand market share in preparation for the next economic boom. You should begin preparing for the same boom.
If you are looking for more information around M&A’s, visit The March Group’s Corporations for Sale Web site!
Posted by Michelle Segura on Fri, Sep 18, 2009 @ 08:45 AM
EVENT CALENDAR
Check out these upcoming events where top dealmakers can meet and exchange ideas.
Capital Roundtable
Enhancing Portfolio Companies: How Top PE Frims are Using State-of-the-Art Strategies to Build Value
September 24, 2009
New York, NY
Capital Roundtable
Mezzanine Financing for 2010's PE Deals
October 1, 2009
New York, NY
Capital Roundtable
New Do's & Don'ts of Fundraising in 2010
October 7, 2009
New York, NY
Turnaround Management Association
TMA 2009 Annual Convention
October 7-9, 2009
Phoenix, AZ
JW Marriott Desert Ridge
ACG Philadelphia
M&A East
October 13-14, 2009
Philadephia, PA
Loews Philadelphia Hotel
EVCA
Venture Capital Forum
October 14-16, 2009
Berlin, Germany
Radisson SAS Hotel
Harvard Business School Executive Education
Private Equity and Venture Capital: Asia
October 14-17, 2009
Beijing, China
Tsinghua-SEM
Faegre & Benson LLP
2009 M&A Conference
October 29, 2009
Minneapolis, MN
Minneapolis Marriott City Center
Harvard Business School Executive Education
Private Equity and Venture Capital
November 1-4, 2009
Cambridge, MA
Harvard
The Deal LLC
The Deal Economy 2010
November 18-19, 2009
New York, NY
Union League Club