In the last year, huge numbers of loans were refinanced on the back of competition among lenders to sell money and attractive loan pricing. As a result, many CFOs have now refinanced, put their loan documents away and will revisit them in a few years when it’s time to renew. Unfortunately, it’s not that easy anymore; in particular in a sluggish and faltering economy, as your creditors keep a closer eye on all the covenants of your loan.
April 11, 2011. We are going to consider the reasons behind the likely reduction in number of banks in Oklahoma and some of the implications. Is there anything that can be done to preserve more small, regional banks or is this change inevitable?