The average private company's likelihood of default is lower and debt-to-EBITDA, a measure of financial liquidity, is also below the period a year earlier, according to early estimates based on financial statements from 2012 and 2011.
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It looks as if the banking industry may be coming out of the woods. While this does not return the economy to pre-recessionary lending levels, it is a positive trend nonetheless.
Lenders, brokers and borrowers beware. The Small Business Administration's Inspector General is looking for errors made during the origination, closing and servicing procedures.
Pundits say that $350 billion of commercial mortgage loans are coming due for payoff. The balances still owed are so high that many borrowers will be unable to refinance conventionally.
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