Category: Industry News

SBA Loans Reach Record Level in Fiscal 2011

According to the Small Business Administration, small businesses received a greater volume of SBA-backed loans last year than ever before. Under the program, a record sum of $19.6 billion was issued in fiscal 2011.

ISM: December Manufacturing Activity Up

Economic activity in the manufacturing sector expanded in December for the 29th consecutive month, and the overall economy grew for the 31st consecutive month, said the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Main Street Capital Closes New Portfolio Investment

Main Street Capital has completed a new portfolio investment, consisting of $12.1 million in first lien secured debt and a $2.9 million direct equity investment, in NRP Jones, which supported the acquisition of the NRP group of companies by Main Street and a group of private investors.

Prospect Provides $91.1 Million for Five Investments

Prospect Capital provided $31.1 million of senior secured debt to VanDeMark Chemical. Separately, Prospect provided $8 million of senior secured debt to a provider of non-destructive testing services, and also provided $52 million in secured financing to three separate existing portfolio companies.