By Ken Altena, Billboard Loans LLC. I track the Federal Reserve Senior Loan Officer Survey on Bank Lending Practices to determine if credit is tight or loose. Banks have been tightening their lending standards for small firms (revenue less than $50 million) for four consecutive quarters due to recession fears. […]
Billboard Loans Blog
The time a bank almost put Lamar Advertising out of business
By Ken Altena, Partner, Billboard Loans, LLC. Did you know that in 1977 a bank almost put Lamar Advertising out of business? Here’s Keven Reilly Sr. quoted in Signs of Opportunity: How Lamar Advertising grew into the biggest billboard business in America. In the spring of 1977…I received an emergency phone call […]
Ken Altena on the Difference Between Banks and Private Lenders.
Ken Altena recently joined Billboard Loans, LLC. after a 39 year career in banking. We talked with Ken about the difference between bank OOH lenders and private OOH lenders. Ken Altena How did you join Billboard Loans When I told Dave Westburg, who has been a colleague, friend and client for over […]
Billboard Loans Three Approves new loan for South Carolina out of home company.
Billboard Loans Fund Three has approved a new $495,000 loan to a South Carolina out of home company to finance the construction of three double-sided 10.5′ by 36″ billboards on I-26. There will initially be one digital and 5 static faces. The structures will be engineered to accomodate digital on […]
Billboard Loans Fund Three targets out of home loans and investments of $1 million and less.
Billboard Loans Management, LLC has launched Billboard Loans Fund Three, LLC, an income-oriented loan and investment fund which commenced operation on June 1, 2022. The fund was formed with capital from accredited investors, supplemented by a line of credit from Washington Trust Bank. The fund seeks senior secured out of […]
Billboard Loans does not make radio station loans.
From time to time we get asked what sectors we lend to. Billboard loans makes loans to: out of home advertising companies which operate a billboard bulletin or poster plant. digital billboard companies. transit advertising companies 8 sheet companies which operate small billboards. We avoid the following loans: Radio station […]
Now’s the time to ask for better loan terms
Now is a good time to refinance and extend your out of home company’s credit lines. Bank loan chargeoffs have been extremely low for the past 4 years. In response, banks are loosening credit terms and reducing loan spreads. Lower cost loans and easy credit terms will disappear when the […]
4 Tips When Seeking A Billboard Loan
Here are four tips when seeking out of home financing: look for debt before you need it, cultivate multiple lenders, know your lender and don’t borrow too much. One: Look For Debt When You Don’t Need It. Start talking to lenders before you need them. It will allow you to […]
Max Drachman on the Out of Home Market
It has been a while since Insider has checked in with Kalil, how is business? Good to hear from you Dave. Business has been strong. We have had two closings so far in July, and have a few more upcoming shortly. Can you tell us about the deals? Certainly. A […]
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 […]
