In its latest monthly report, the Tatum survey of CFOs notes that business conditions have continued the upward turn seen last month. The report notes that capital expenditure commitments increased significantly to 30% from 21% in the past 30 days.
PRV Metals, a recently formed portfolio company of Platte River Ventures, announced that it had acquired 100% of the outstanding stock of TechSpec. Fifth Third Bank provided the senior debt financing for the transaction.
The Baltimore Sun reported GE Capital said the company remains “optimistic” that a solution can be reached with a Maryland steel mill after Governor Martin O’Malley asked Jeffrey Immelt to reconsider GE’s decision to freeze some of R.G. Steel’s funds.
American Guard Services (AGS) has obtained a $10 million working capital revolving line of credit to fund expansion and growth. Lawrence Financial Group of Los Angeles introduced AGS to its new lender.
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.