Worse, even after a round of financing in March, Chief Executive Ted Love admits that Hyseq has only enough money to fund itself through the beginning of next year.
Late in 2010 he reached out to Andrew Murstein, president of Medallion Financial, a provider of taxicab financing, and Douglas Bergeron, the chief executive of Verifone Systems, which handles electronic payments for banks and retailers.
"We are losing a lot of small companies that support medium-sized business like ours due to financing problems, " said Flavio Radice, chief executive of Pietro Carnaghi, an Italian company that is the world's largest maker of vertical lathes.
In Las Vegas, Mr. Nazarian and Terry Fancher, a Stockbridge executive managing director, have struggled to find affordable financing for the Sahara project partly because a glut of new rooms have kept rates down.
Companies that have received "special assistance" from the Treasury--AIG, Bank of America, Citigroup, General Motors, Chrysler and the automakers' financing arms--are subject to Feinberg's oversight on executive compensation.
It is true that Romney triumphed in part because of his superior organization and financing, but the strength of a campaign speaks to the strength of its chief executive.
FORBES: After Super Tuesday, Romney Must Prove He Can Carry Conservative Banner
"The DOE loan program provides an important financing 'bridge' at a time when the U.S. private debt markets have little to no experience financing first of their kind utility-scale solar projects, " First Solar Chief Executive Rob Gillette said in an email.
"Signing this term sheet is a milestone step towards financing the construction of our polysilicon plant, " said DustinShindoDustin Shindo, Hoku's chief executive.
"Signing this term sheet is a milestone step towards financing the construction of our polysilicon plant, " said Dustin Shindo , Hoku's chief executive.
The company is putting together financing for the project and plans to break ground in the spring, says Tony Mannarino, an executive vice president at Extell.
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