News
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Private Companies Not Seeing Credit Availability Wane Despite Subprime Debt Crisis
Chicago, IL – April 26, 2007 – Based on survey data compiled this month by the Private Company Index (PCI), 63% of PCI-company CEOs believe debt availability will be greater or the same in Q2 2007 as it was this past quarter.
This optimistic view is perhaps surprising to some as the cloud of subprime debt crisis still hangs over the mortgage lending industry—its full implications on the financial markets yet to be understood. One would expect institutional creditors in general to be tightening the reigns on the scope of lending.
Small to mid sized private firms ($1M – $50M) seem especially happy to realize this as they share their enthusiasm for the remainder of 2007 in the PCI’s recent survey, The Pulse of the Private Company Experience: Q1 2007. All signs point towards planned corporate growth realized through acquiring financing to execute on business plan strategy and staffing-up to support it.
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