Like I’ve been saying ….
Angels invested more than $19 Billion in 2008 according to the Center for Venture Research at the University of New Hampshire. The NY Times published an article today reporting the…
Business Plans don’t matter?
Wow! According to a NY Times report, a recent study at the University of Maryland found that business plans really don't matter! Their study found that VC's pay little attention…
Cut Costs or Invest in Growth?
The Wall St. Journal reports today on growing tension at venture-backed companies over whether to save money to reduce risk or invest to take advantage of new opportunities. You can…
Business Finance | Have you met the Scavenger’s Daughter?
Impressing your bank less important than being able to hit targets
The Scavenger’s Daughter? Might be the name of a lost Dickens novel … or an indulgent misnomer for a the infamous rack that not only stretched but crushed its victims during the reign of King Henry VIII.
Thumbscrews, pilliwinks, breaks and the tormento de toca were other methods used to punish those that broke their “covenant” with the King.
Fortunately, those punishments are relegated to history’s ash heap … at least I’m pretty sure that banks aren’t using any of these default provisions.
Compliance with financial covenants
Compliance with financial covenants, however, has never been more important. Today, banks have an arsenal of covenant choices that are used as an early warning system to alert participants to potential problems that may jeopardize their financial well-being.
It’s important to recall that covenants are based upon (more…)
Finally, the Fed’s Small Business Program
Many of us wonder if the Administration's new Small Business program will work, or be too little too late? It's a wonder that it's taken so long to focus on…