As the COVID-19 pandemic ramps back up through the end of 2020 and the beginning of 2021, a tentative ‘new normal’ has set in for borrowers and lenders alike. Juanita Schwartzkopf explains how asset-based lenders should adjust their evaluation processes for working capital in this environment.
Capital Access Network set a new monthly record in May by providing small businesses access to $66 million of working capital. Also, CAN expanded its credit line to nearly $500 million with WFCF, Goldman, Fifth Third and Capital One.
Republic Business Credit announced it provided a $4 million working capital facility to a growing Gulf Coast-based oil field service contractor.
Although some would describe EBITDA as a way to measure a company’s operating performance, free of debt cost, taxes, depreciation and amortization, veteran turnaround advisor Ted Gavin prefers to call EBITDA a fairytale told to investors and credit managers. In this no-holds-barred article, Gavin explains why …