Thursday P.M. Report

SBA lending to MN companies rises in 2010: The U.S. Small Business Administration (SBA) guaranteed $513 million in loans to Minnesota businesses during the 2010 federal fiscal year, up about 14 percent from $451 million in 2009. The SBA’s Minnesota division ranked second among offices nationwide in number of loans approved for the year, according to a press release. The Minnesota office approved 2,352 loan guarantees in 2010, up from 2,134 in 2009. Read full story

TST Media snaps up Pond Hockey Tournament: Fast-growing tech firm TST Media this week bought Minnesota’s annual US Pond Hockey Championships from Fred Haberman and his public relations firm, Haberman Inc. The Minneapolis company has developed a website-management system that it primarily markets to youth sports leagues. Read full story

M&A activity up in Minnesota: Mergers and acquisitions activity in Minnesota rose during the first three quarters of 2010 compared to the same period a year ago, according to a report released today. There were 140 deals recorded during the period, up from 108 in first three quarters of 2009. M&A activity is still down compared to 2008 levels, however. During the first three quarters of 2008, there were 167 deals in Minnesota. Read full story

You can also learn about all our free newsletter options.

No comments yet

Leave a Reply