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Hurricane Barry. The Puerto Rico Earthquakes. The California Wildfires. All were recent federally-designated natural disasters. And now – COVID-19.
Not a traditional natural disaster, but with the President’s declaration, now a federally-designated national disaster.
We are used to seeing FEMA called in to assist when disaster strikes, providing emergency food and medicine, living quarters, and infrastructure needs. What about business loss and revenue disruption in the absence of a natural disaster?
One agency charged with that mission is the Small Business Administration (SBA), which offers disaster loan program assistance to impacted businesses. The SBA is now ramping up a COVID-19 disaster relief program. For small businesses (including not-for-profits) facing revenue-disruption and worse on account of COVID-19, the SBA offers low-interest emergency loans of up to $2 million to qualifying businesses. Learn more about this critical small-business lifeline in “Protecting Your Business in the Midst of Coronavirus: Small Business Administration Launches COVID-19 Disaster Relief Program” by Mark Melickian, who leads the RISS (Restructuring, Insolvency & Special Situations) Group at the Sugar Law Firm (Sugar Felsenthal), a national boutique business law firm.
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Are you a business owner of a financially distressed company or an executive looking to buy one? Maybe you just have boring interests. However you come to it, the “Dealing with Corporate Distress” series helps you understand the core concepts of bankruptcy, restructuring and related issues.
Get an introduction with the first installment: “Hello Darkness, Our Dear Friend.”
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Many companies, of any size, use borrowed funds as part of their capital structure. Depending on the nature of the business, its size, time in business, whether it has adequate collateral, and other factors, a business has a myriad of options when borrowing funds.
Want a guided tour of the various borrowing options available to businesses, from both a business and legal perspective? There’s a webinar for that! Check out the Financial Poise Webinar Series, Borrower or Lender Be and learn the advantages and disadvantages of different types of loans, how to select the right loan for your business, how to negotiate terms, and what happens in the event the loan is defaulted upon.
Financial Poise Webinars provide quality education by leading experts in an accessible, even entertaining way. Each is an hour long. Each comes with fantastic PowerPoint. Each is pretty entertaining (at least as compared to most seminars on the topic). And each is only $19.99. Come learn with us!
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About the Opportunistic Deal Database
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Vulture Investors Take Note:
Looking to buy companies out of bankruptcy? Assets of financially distressed companies in receivership, assignment or from lenders who have foreclosed on, and are selling, their collateral under Article 9 of the UCC? Search for excess assets resulting from plant closings? Targeting other sellers who need to sell urgently and other opportunistic/special situations?
Check out DailyDAC's Opportunistic Deal Database (ODD). The ODD culls such opportunities.
Subscribe here for access
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The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so our paid subscribers can easily find these deals on our website.
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Secured Party Sales
- Specialty gallium arsenide PV manufacturer - (21873)
- Fleet of Cable/Wire Installation Equipment - (21907)
- Walking floor trailers - Multiple lots - (21909)
- Rental fleet construction equipment - (21908)
- Furniture – Antiques - Collectibles - (21906)
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Private Company Sales
- Aluminum recycling & processing facility - (21948)
- Three commercial beverage licenses - (21945)
- Machine parts manufacturer - (21949)
- Patented gold mine claims - (21947)
- Scrap metal license - (21946)
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Assignment for the Benefit of Creditors Sales
- Stone countertop installation equipment & supplies - (21893)
- Commercial facility services business - (21939)
- Lighting services provider - (21938)
- Online women's boutique - (21937)
- Women's boutique - (21892)
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Chapter 11 - 363 Sales
- Direct marketing services company - (21926)
- Specialty construction company - (21928)
- Franchised furniture retailer - (21925)
- Real estate developer - (21930)
- Trucking company - (21923)
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Chapter 11 - Investment Banker Application Filed
- Franchised restaurant holding company - (21347)
- Chain of bar & grill restaurants - (21344)
- Real estate investment trust - (21348)
- Natural gas company - (21346)
- Healthcare system - (21345)
- Supermarket chain - (21343)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- Multi-unit apartment building - (21360)
- Apartment complex/club - (21358)
- Oil & gas producer - (21357)
- Apartment complex - (21359)
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Chapter 7 - Sale of Business Assets
- Commercial building - Former landscape company - (21919)
- Produce transport company (w/equipment) - (21920)
- Furnishings, antiques & collectibles - (21922)
- Commercial land - 15.05 acres - (21921)
- Commercial beverage license - (21927)
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Chapter 12 Bankruptcy
- No New Deals This Week
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Rating Agency Alerts/Other Signs of Distress
- Specialty healthcare services business - (21126)
- Holding company - Reinsurance - (21891)
- Specialty chemicals supplier - (21210)
- Retailer of home products - (21334)
- Medical cannabis producer - (21890)
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Auctions
- Commercial baking production equipment - (21943)
- Industrial contracting business - (21940)
- Fleet construction equipment - (21941)
- Milk hauling business - (21942)
- Coins & collectibles - (21944)
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Other Interesting Sales
- Medical technology developer of therapeutic radiation - (21933)
- Manufacturer of portable tennis ball launchers - (21932)
- Manufacturer of concrete leveling equipment - (21936)
- Petroleum services company - (21934)
- Nanotechnology company - (21935)
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Bulk Sales
- Commercial beverage license - (21867)
- Education/learning center - (21869)
- Restaurant/cafe - (21870)
- Plant nursery - (21872)
- Bar & grill - (21868)
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Receiverships
- Landscaping equipment - Multiple lots (21365)
- Oil & gas properties - Multiple lots (21367)
- Office building - 16,266 sq. ft. - (21364)
- Producer - Oil & gas properties - (21368)
- Industrial plant equipment - (21366)
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Mass/Significant Layoffs
- Manufacturer of material handling products - (21911)
- Wireless communications company - (21910)
- Grocery delivery business - (21916)
- Home healthcare business - (21918)
- Department store chain - (21917)
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Plant/Facility Closings
- Sheet metal work manufacturer - (21914)
- Sporting goods manufacturer - (21915)
- Logistics services business - (21913)
- Cabinet manufacturer - (21912)
- Supermarket chain - (21889)
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DailyDAC is a publication of DailyDAC,LLC. DailyDAC LLC is strictly a research publishing firm and falls within the publisher's exemption of the definition of an "investment advisor" and is of general and regular circulation. DailyDAC is not a registered broker/dealer and it is not an investment bank or business broker. DailyDAC is not a solicitation or offer to buy or sell any securities. All content in this email is copyright 2020 by DailyDAC, LLC and may not be reproduced without written permission of DailyDAC, LLC but this email may be forwarded freely in its entirety.
DailyDAC, LLC provides continuing education and information for business owners and executives, accredited investors, and their respective trusted advisors (primarily attorneys, accountants, and other financial and business advisors.) For more information about DailyDAC LLC, click here.
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