11.1 List the major lenders and the amount of loans.
In this time of private equity and leveraged buyouts, lenders may play very strong roles in a firm. For example, Blackstone, a major private equity firm, played a major role in the restricting of Hilton Hotels. If your target firm is highly leveraged (in debt), finding information on lenders is even more important.
Some information about lenders can be found in Form 10-K as well as in the company annual report and the company web site.
All firms borrowing money must complete a Uniform Commercial Code (UCC) in the state where their business is headquartered. While the UCC does not include the dollar amount of the loan, it does include information about the borrower and what they put down as collateral. Most UCC are available online in most states from the Secretary of State Office. Search Systems allows you to search all states.
