Billboard Lending

Billboard Lending

Lending Standards Easing

The federal reserve surveys senior bank credit officers four times a year about whether their lending standards are tightening, stable or easing.  Here’s a table summarizing the trend in bank lending standards for small businesses over the past 10 years.  The table shows that after tightening during the three years […]

Billboard Lending

How Much Can I Borrow

3 times annualized revenues is a reasonable debt limit for most small billboard companies. Here’s why. I tell borrowers to limit debt to at a level where their plant will be worth more than debt even if revenues drop and multiples contract during a recession. Industry revenues declined 20% during […]