TSL Feature Articles
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Appraisers See a Mixed Picture for Valuations
Nov 18, 2024Secured lenders increasingly rely on appraisers for swift and accurate valuations amid rising complexities in asset-based lending. With business bankruptcies up 40% and ongoing supply chain challenges, appraisers must adapt quickly to maintain their vital role in the underwriting process, ensuring lenders receive the critical insights needed to navigate this evolving landscape.
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Faces of Freedom
Nov 11, 2024Walter Schuppe, formerly of Pacific Western Bank, started Faces of Freedom in 2019 to
express gratitude to and honor the sacrifices and service of U.S. Military veterans and their families. The project uses black and white portraits and oral histories, as told by each veteran, to help connect a face with a personal story. -
Eyes on the Future: SFNet Welcomes its Youngest President in 80 Years
Nov 4, 2024
Robert Meyers, managing member and president of Republic Business Credit, discusses his over 10 years of SFNet involvement to where he is today, as well as his goals as SFNet’s incoming president, which include creating a larger and more inclusive community to benefit its members and accelerate access to those in need of capital.
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Navigating Cybersecurity Challenges in the Lending Industry
Oct 14, 2024Attorneys from Mandelbaum Barrett PC explore how the rising cyber threats and stringent regulations facing lenders and the essential strategies for developing robust cybersecurity programs, safeguarding data, and maintaining regulatory compliance in a rapidly changing landscape.
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SFNet 2024 President Barry Bobrow Reflects on a Successful Year
Oct 2, 2024Bobrow discusses the highlights of his tenure as president of SFNet, challenges and opportunities faced, and advice for incoming SFNet President, Rob Meyers.
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Taking Security in Cross-Border Lending: (How Do You Know) the Steps to Take or Whose Law Is It Anyway?
Sep 26, 2024Navigating cross-border secured financing presents a complex challenge, where choice of law and conflict of law rules create an intricate maze. Unlike straightforward domestic transactions under the Uniform Commercial Code, international financing demands careful scrutiny of diverse jurisdictions’ laws. David Morse of Otterbourg P.C. explores the practical steps lenders must take to secure rights over assets like inventory and receivables across multiple countries to ensure the lender has the benefit of such security. Part 2 of this article will appear in the November/December issue.
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The Evolution and Impact of Factoring Services Amidst Global Supply Chain Disruptions
Sep 23, 2024In recent years, global supply chains have faced unprecedented challenges, from pandemic-induced disruptions to geopolitical tensions and economic uncertainties. As businesses grapple with these issues, factoring has emerged as a critical solution for managing cash flow and mitigating risks. SFNet members provide insight into how factoring has evolved, its impact on the supply chain, and real-world examples of its effectiveness.
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An Interview with SFNet’s Co-General Counsels: Bobbi Acord Noland and Jonathan Helfat
Sep 17, 2024In the ever-evolving landscape of secured finance, few roles are as pivotal as that of general counsel for a major industry trade association. For Bobbi Acord Noland and Jon Helfat, this role at the Secured Finance Network (SFNet) has been a journey of leadership, challenge, and growth.
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Unlock the Future of Supply Chain Finance: Join SFNet’s December Conference for Key Insights and Networking
Nov 20, 2024On December 3, SFNet will host its first Supply Chain Finance Conference, at Greenberg Traurig in New York City. Industry leaders and experts will converge to explore the latest trends and insights in supply chain finance. This full-day event will provide invaluable knowledge and networking opportunities, featuring a diverse range of sessions designed to deepen your understanding of the supply chain finance ecosystem.
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Public Data in Cross-Border Lending
Sep 2, 2024Data and precedent play a key role in your ability to structure, negotiate and document lending transactions. In cross-border deals, access to this data is especially essential and can be more challenging to locate. Laura Jakubowski of Goldberg Kohn provides the information you need to arm yourself with vital information.
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Succession: ABL Industry Needs a Plan
The ABL industry is struggling with succession challenges. Founders are synonymous with their firms, yet many lack succession plans despite good health and changing industry dynamics. The generational shift demands innovation and client-centric approaches. Planning and communication are crucial. Unlike TV drama, ABL leaders must ensure smooth transitions to secure their legacies and firms’ futures amidst industry upheaval.
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Factoring Industry Remains Resilient Amid Economic Shifts
Aug 12, 2024The U.S. economy wrapped up 2023 on a robust note, buoyed by resilient consumer spending and a solid labor market.
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The State of Asset-Based Lending in Q1 2024: A Comprehensive Analysis
Aug 6, 2024The first quarter of 2024 presented a complex landscape for asset-based lending (ABL) and the broader economic context. According to the SFNet Q1 2024 Asset-Based Lending and Confidence Index surveys, the ABL industry exhibited both stability and cautious optimism despite the economic headwinds.
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Navigating Economic Uncertainty: Key Insights from the SFNet Market Pulse Report
Aug 1, 2024As we delve into the second quarter of 2024, the financial landscape is marked by both challenges and opportunities. The latest SFNet Market Pulse Report provides a comprehensive analysis of various economic indicators, trends, and projections that are crucial for stakeholders in the secured finance (notably asset-based lending and factoring) industries. This article synthesizes the key findings and insights from the report, offering a detailed overview of the current economic outlook, credit markets, consumer finances, sector activity, and global economic trends.
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Understanding the Complexities of Recruiting and Retaining Talent
Jul 1, 2024The secured finance industry is feeling the strain as the industry ages and its most experienced executives retire. Here, SFNet members offer their points of view on the challenge.
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Where Are They Now? Catching up with Previous SFNet 40 Under 40 Award Winners
Jun 17, 2024Past SFNet 40 Under 40 Award recipients discuss how the Award affected their careers and offer advice to the next generation.
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Interview with Jeff Dunlop and Maria McGuire of Goldberg Kohn, SFNet Past 40 Under 40 Award Recipients
Jun 5, 2024Earlier this year, Jeffrey B. Dunlop and Maria T. McGuire were named co-chairs of Goldberg Kohn’s Commercial Finance Practice Group. They succeed Michael Hainen, who completed his highly successful nine-year term as the practice group leader at the end of 2023.
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Navigating the Roadblocks: Challenges and Progress in the U.S. Electric Vehicle Revolution
May 1, 2024As the automotive industry moves toward electrification, lenders face an uncertain path forward. The successful transition to EVs will require substantial investment at all levels, from charging technology and coverage to dealership infrastructure. As the effect on total cost of ownership unfolds, the residual value models that underpin the entire industry will need to be redefined, impacting financing and leasing. Lenders to the mobility sector should be prepared for further disruption which will provide either opportunities or create credit challenges as companies navigate this dynamic landscape.
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Armstrong Flooring Bankruptcy: The Alchemy of Creating Value from Accounts Receivable
Apr 25, 2024Finding the right combination of capital resources and strategic knowledge in the sale and restructuring of a business is complicated; but when it works, this seemingly magical process of transformation creates incremental value for all constituents involved in the bankruptcy process. Take the case of Armstrong Flooring, and three affiliated companies, that each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 on May 8, 2022.
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The Ins & Outs of DEI Fatigue
Apr 11, 2024Since the DEI “field” is a potpourri of research, advocacy, political ideations,
and personal perspectives from multiple fields, it is difficult for people to know which sources of information to trust. One of the latest urgent fascinations that has captured our collective attention is “DEI Fatigue.”
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The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
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PNC Bank Provides Financing to Receipt & Labeling Solutions Provider
May 30, 2019
PNC Bank, National Association, announced the closing of a $90 million senior secured credit facility for Iconex LLC (Iconex), a portfolio company of Greenwich, CT-based Atlas Holdings. PNC’s facility was provided in conjunction with a $67.5 million term loan and a $30 million delayed draw term loan provided by Cerberus Business Finance.
Click on the link below to meet some of the “difference makers” in the secured finance community. This issue of The Secured Lender celebrates those who are having a profound impact on both their communities and their organizations.
Previous TSL Articles
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SFNet’s DEI Committee Renamed to Inclusiveness Committee
Nov 12, 2024SFNet recently announced its DEI Committee has been renamed to the Inclusiveness Committee. The committee’s aim continues to be to understand the specific challenges and opportunities within our communities of interest, articulate the case for change and help implement strategies and tactics throughout SFNet.
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5 Key Strategies for Building a Successful Factoring or ABL Platform
Nov 7, 2024
Building a factoring or asset-based lending (ABL) platform that maximizes value and attracts capital requires more than operational success. A solid foundation that positions the business for growth, efficiency, and sustainability is crucial. Whether you're looking to secure capital through banks, non-bank lenders, or investors, here are five essential strategies to build and grow a high-performing factoring or ABL business.
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Fueling Inclusive Growth: Jennifer Palmer on JPalmer Collective’s $72M Capital Raise and Vision for the Future
Oct 21, 2024
On October 18, JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, announced a series of transactions raising $72 million in gross proceeds. The raise will accelerate JPC’s growth trajectory and fund new loans to JPC borrower clients.
Here we sit down with Jennifer Palmer, CEO and founder of JPalmer Collective, to learn more about the unique capital raise, which had a strategic combination of financing close simultaneously.
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Interview with Tiffani Bova, SFNet Convention Keynote Speaker
Oct 21, 2024Ranked for the last six years in the Top 50 Business Thinkers in the world by Thinkers50, Tiffani Bova is a thought leader who Forbes says “reshapes our perception of growth.”
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U.S. Middle Market Performance Shows Sustained Stability
Oct 11, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 8% during the first two months of the third quarter of 2024. Revenue grew 5% during the same period.
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A Conversation with Wells Fargo’s Managing Director of Supply Chain, Trade, and Channel Solutions
Oct 7, 2024Stephen Schwartz heads underwriting for the Supply Chain, Trade & Channel Solutions group covering Key Accounts Purchase, Supplier Finance, Accounts Receivable Securitization, International Factoring Commercial Services, Inventory Finance, Channel Finance and Equipment and Vendor Finance floor planning. Here, he discusses how companies are navigating supply chain challenges particularly in light of the U.S. port strikes.
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SFNet Announces Governance Boards Leadership
Oct 3, 2024The Secured Finance Network (SFNet) Member Directors have elected and the Executive Committee has approved the FY25 SFNet Management Committee and Executive Committee members. In addition, the Secured Finance Foundation (SFFound) Member Donors have elected and the SFFound Board has approved the FY25 SFFound Board and Officers.
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SFNet Releases ABL Q2 and Factoring Mid-Year Reports
Sep 27, 2024
SFNet has published the results of both its Q2 ABL Survey as well as its Mid-Year Factoring Report. Participating lenders have access to additional data and detailed reporting. Contact your business unit leader or asavaser@sfnet.com to request a copy of your report
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Olympic Athletics and Lending, Private Equity and Investing Success – Not as Different as You Might Think!
Aug 21, 2024With the 2024 Olympics behind us, the next games are scheduled for Los Angeles in 2028. For those spectators enthralled with the world-class athleticism, success seems to be determined largely by medal count (and media coverage). As I enjoyed the games, I pondered how the lending, PE, and investing sectors are closer to the Olympic athletes than one may think.
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The Transformative Impact of Mentoring: An Interview with Emily Neuherz
Jul 25, 2024The SFNet Mentoring program, sponsored by the Secured Finance Foundation and the SFNet DEI Committee, has become a cornerstone of professional growth and community building within our industry. In this interview, we highlight the journey of Emily Neuherz, senior associate, Capital Foundry and a passionate advocate and past mentee of the program. Emily’s experience not only underscores the immense value of mentorship but also serves as a testament to the transformative impact it can have on career development. Through her story, we hope to inspire both new potential mentees and mentors to join our upcoming Fall iteration, and embark on a path of mutual growth, learning and success.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue