“The rules for traditional sources of capital have changed in such dramatic fashion, that many businesses, mostly small companies or start-ups, are being shut out of credit facilities that in the past were readily available.
Cary, NC (PRWEB) September 22, 2010
Calvert Holdings, Inc. today announced the launch of its newest business unit, Calvert Corporate Funding. Under the leadership of Andy Burch, this unit is formed to service the capital needs of small and mid-sized businesses looking to expand and grow market share.
“After an extended review of credit needs of small and mid-sized businesses in the current financial environment, we were struck with the degree of difficulty many of these firms now have when seeking traditional financing tools necessary to maintain and grow their businesses,” noted Andy Burch. He continued by adding: “The rules for traditional sources of capital have changed in such dramatic fashion, that many businesses, mostly small companies or start-ups, are being shut out of credit facilities that in the past were readily available. We have teamed with the Global Finance Group, based in New York, to provide the link with non traditional lenders that may meet the financing needs of these small and mid-size businesses.”
“The addition of Calvert Corporate Financing fits squarely with our objective of portfolio diversification within Calvert Holdings. This new unit will add to the capabilities offered by our Carolina Securities, LLC, unit, which is best suited for companies interested in sale of their equity to private investors,” remarked Russ McLauchlan, CEO/Chair of the Board for Calvert Holdings, Inc. In commenting about Andy Burch’s role and expertise Mr. McLauchlan affirmed: “Andy Burch, a principal in Calvert Research, LLC and President of Carolina Securities, LLC, has a wealth of experience in dealing with lenders and companies seeking capital. As our business model develops, we expect Calvert Corporate Funding will be adding professional finance personnel to our group.”
Calvert Corporate Funding will focus its initial efforts on the North Carolina Triangle Region, but plans to expand throughout the Southeast within the next 12 months. The company will operate out of the Calvert Holdings corporate offices in Cary, NC.
About Calvert Holdings, Inc.
Calvert Holdings provides vision, resources and business leadership for all of the companies we develop and acquire. Life sciences are a core competency, but not all business endeavors are within that field. The Holdings is currently the parent company to Calvert Labs, Calvert Research, Calvert Corporate Funding, and Calvert Enterprises (Calvert Creative).
About Calvert Labs
Calvert Labs is a highly respected contract research organization specializing in the discovery and development of potential pharmaceuticals. In addition to lead identification and lead optimization services, we provide a wide array of preclinical services to help our clients navigate their GLP testing needs prior to advancing their discoveries into clinical trials.
About Calvert Research
Calvert Research is building the next generation of therapeutic drugs. Commercial success in this endeavor begins with identifying and acquiring the best potential drug candidates. Once licensed, Calvert Research rapidly and efficiently advances those assets to preclinical or clinical proof of concept, and delivers a valuable therapeutic to a development partner or acquirer.
About Calvert Enterprises
Calvert Enterprises is a testing ground for business endeavors outside of the life sciences. Currently within Enterprises is Calvert Creative.
Calvert Creative powers online and offline marketing by helping companies push their brand to the next level. Utilizing various marketing platforms, Calvert Creative develops strategies, executes campaigns, and optimizes results to reach the target market and drive traffic.