{"id":8303,"date":"2008-08-06T00:00:00","date_gmt":"2008-08-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-expand-role-as-small-business-lender","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/hedge-funds-expand-role-as-small-business-lender.html","title":{"rendered":"Hedge funds expand role as small business lender"},"content":{"rendered":"

Guardian.co.uk – Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them.<\/p>\n

 Yet with the credit crunch pushing many major U.S. banks to set tougher lending standards for small and medium-sized businesses, hedge funds have stepped in.<\/p>\n

The money isn’t cheap, with interest rates of 14 percent or more. But small businesses have few places to turn.<\/div>\n
 <\/div>\n
"A major void has been created in the marketplace by banks tightening their credit standards and trying to stabilize their balance sheets," said David Grin, co-founder of Laurus-Valens, a hedge fund with around $1.7 billion under management. "From the investment point of view, this is as good as it gets."<\/div>\n
 <\/div>\n
Laurus-Valens provides loans to public and private companies with average revenues of $30 to $50 million. The fund charges interest rates of about 10 percent to 11 percent, and takes equity stakes in the companies.<\/div>\n

Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Guardian.co.uk – Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them.  Yet with the credit crunch pushing many major U.S. banks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[373,87,1173,1964,410,1965,1966,1153,147,765,58,55,948],"class_list":["post-8303","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accounts-receivable-financing","tag-angela-merkel","tag-anxiety","tag-corporate-deals","tag-currencies","tag-devonshire","tag-economic-crisis","tag-fund-balance","tag-journalism","tag-levin","tag-long-time","tag-sers","tag-subsidiaries"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8303"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8303\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}