Debt load of businesses seeking finance is double pre-Covid level
The indebtedness of businesses seeking finance is more than double the pre-pandemic level, a study of thousands of loan applications has found. The average debt-to-turnover ratio of small companies seeking…
B. Riley sells Great American stake to raise money to lower its debt
B. Riley Financial, the Westwood-area financial services firm, said Monday that it has sold a majority stake in its Great American appraisal and liquidation business in a nearly $400 million…