Credit

Credit

Over 1.6M Small Firms Get Corona Crisis Loans

The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."
Credit

Revolver Drawdowns Keeping Corporates Liquid

But many companies are tapping revolving lines of credit in a way that banks don't like to see.
Auditing

SOX 404 Exemption Pushes Small Companies to Incur Debt: Study

To avoid the auditor attestation required by SOX 404, small companies often incur debt instead of selling stock, a new study finds.
Coronavirus

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.
Regulation

Fed Offers More Support for Loans, Corporate Debt

The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
Bankruptcy

The Restructuring Remedy

As painful as this reckoning is likely to be, substantial restructurings must occur across several industries on accelerated timelines.
Credit

Mortgage Forbearance Requests Skyrocket as COVID-19 Halts Economy

A coalition of mortgage servicers say a liquidity facility is needed to support the market.
Credit

W.Va. Bank Fails After Years of Financial Woes

First State Bank had "experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015,” the FDIC says.
Bankruptcy

How to Use and Not Use Chapter 11 in Bad Economic Times

At the moment, the bankruptcy court may be an unfriendly place for impatient lenders.
Credit

Banks Brace for Crisis Loan Program Rollout

Lenders fear the launch of the $350 billion program could be "a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013."
Cash Flow

Increase DPO, If You Can: Metric of the Month

In uncertain economic times, companies need liquidity. But they also need strong supplier relationships.
Credit

Moody’s Cuts Corporate Debt Outlook to Negative

The Fed's unusual intervention in the market will help but "is unlikely to prevent distress at businesses with less certain long-term viability."
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