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August 12, 2010
Lending Survey Shows Positive Results Almost Across the Board
PHILADELPHIA (August 10, 2010) —- Although some fear an economic “double dip”, Lenders predict positive results across major lending and economic indicators, according to the results of last quarter’s Phoenix Management “Lending Climate in America” Survey.
Lenders indicated that they are lending at increasing leverage multiples and expect to continue this trend during the next six months. They also have seen a reduction in loan losses, bankruptcies, unemployment and bank failures. Lenders have witnessed improvement in all but one category of their customers” outlook. They also predict improvement in the U.S. economy for the next few months and beyond.
“It is encouraging to see such positive signs of improvement from Lenders,” said Phoenix Senior Managing Director and Shareholder Michael Jacoby. “The only negative indicator was the 7% decline in the loan diffusion index.”
To see the full results of Phoenix’s Lending Climate in America Survey, please visit http://www.phoenixmanagement.com/survey/
Celebrating its 25th Anniversary, Phoenix is an operationally-focused advisory firm, providing turnaround, crisis and interim management and capital advisory services to middle market companies in transition. Since 1985, we have aggressively advocated on behalf of our clients in more than 950 assignments nationwide across a variety of situations and industries. Visit www.phoenixmanagement.com & www.phoenixcapitalresources.com.
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