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.

Norwest Equity Invests in Actagro; GE, Others Provide Financing

Norwest Equity Partners has made a significant investment in Actagro, a developer, manufacturer and marketer of organic liquid and specialty plant nutrients. Norwest Mezzanine Partners, GE Antares Capital and Madison Capital Funding participated in the financing for this transaction.

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.