Billboard Lending

Dave Westburg on Billboard Lending
Billboard Lending

Dave Westburg on Billboard Lending

Jim Johnsen of Johnsen Fretty interviewed Dave Westburg of Billboard Loans about billboard lending.  We’ve reproduced the interview below. Dave, you’ve done a terrific job building Billboard Insider into a great source of information.  I enjoy reading it first thing each morning.  I feel very honored to sit in your seat […]

Billboard Lending

Federal Reseve cracks down on risky loans.

The Wall Street Journal reports that the federal reserve is cracking down on risky loans which have the following characteristics: Lax repayment schedules. An absence of loan covenants. Debt/Cashflow (earnings before interest, depreciation and amortization) in excess of 6:1. A crackdown may mean the regulators put the heat on Clear […]

Billboard Lending

If you think the big banks don’t want to lend to you it’s because they don’t.

The Wall Street Journal writes this morning that the biggest banks in the US are making far fewer loans to small businesses than they did a decade ago.  The Journal reports that the 10 largest US banks held $44 billion in small business loans (loans less than $1 million) in […]

Billboard Lending

What’s a safe level of debt for an outdoor company?

Lenders will advance up to 6.0 times cashflow (earnings before interest depreciation and amortization) to outdoor advertising companies. I think a safe level of debt for most outdoor companies is about 2.0 times gross revenue or 4.0 times cash-flow. This level is safe because it gives your company the financial […]