Private lenders to billboard and digital sign companies since 1997. No loan is too small.
Sunday, October 13, 2024
Wishing everyone the happiest holidays and best New Year from Billboard Loans. It has been almost 6 months since retiring from my 40+ year banking career, and I have to say working with billboard people is more fun. I’ve become a billboard nerd like my partner, Dave Westburg. I read about […]
Billboard loans provided $460,000 in financing to a Florida out of home operator. The funding includes a $300,000 term loan to finance a two sided digital billboard and a $160,000 self insurance line of credit to finance the replacement of digital faces in case they are damaged. Digital billboard property […]
By Ken Altena, Billboard Loans LLC. I track the Federal Reserve Senior Loan Officer Survey on Bank Lending Practices to determine if credit is tight or loose. Banks have been tightening their lending standards for small firms (revenue less than $50 million) for four consecutive quarters due to recession fears. […]
By Ken Altena, Partner, Billboard Loans, LLC. Did you know that in 1977 a bank almost put Lamar Advertising out of business? Here’s Keven Reilly Sr. quoted in Signs of Opportunity: How Lamar Advertising grew into the biggest billboard business in America. In the spring of 1977…I received an emergency phone call […]
Ken Altena recently joined Billboard Loans, LLC. after a 39 year career in banking. We talked with Ken about the difference between bank OOH lenders and private OOH lenders. Ken Altena How did you join Billboard Loans When I told Dave Westburg, who has been a colleague, friend and client for over […]
Billboard Loans Fund Three has approved a new $495,000 loan to a South Carolina out of home company to finance the construction of three double-sided 10.5′ by 36″ billboards on I-26. There will initially be one digital and 5 static faces. The structures will be engineered to accomodate digital on […]
Billboard Loans Management, LLC has launched Billboard Loans Fund Three, LLC, an income-oriented loan and investment fund which commenced operation on June 1, 2022. The fund was formed with capital from accredited investors, supplemented by a line of credit from Washington Trust Bank. The fund seeks senior secured out of […]
From time to time we get asked what sectors we lend to. Billboard loans makes loans to: out of home advertising companies which operate a billboard bulletin or poster plant. digital billboard companies. transit advertising companies 8 sheet companies which operate small billboards. We avoid the following loans: Radio station […]
Now is a good time to refinance and extend your out of home company’s credit lines. Bank loan chargeoffs have been extremely low for the past 4 years. In response, banks are loosening credit terms and reducing loan spreads. Lower cost loans and easy credit terms will disappear when the […]
Here are four tips when seeking out of home financing: look for debt before you need it, cultivate multiple lenders, know your lender and don’t borrow too much. One: Look For Debt When You Don’t Need It. Start talking to lenders before you need them. It will allow you to […]
