TSL Feature Articles
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Results of SFNet’s Groundbreaking DEI Survey
SFNet’s DEI Committee, in conjunction with Rutgers University and underwritten by the Secured Finance Foundation and Wells Fargo, released the results of the first-ever DEI Survey, which provides a comprehensive perspective on the current state of diversity, equity and inclusiveness among SFNet member companies.
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Fighting Misinformation: Don’t believe Everything You Read on the Internet
Borrowers face an uphill battle when conducting an internet search for capital. Lee Haskin of Crossroads Financial discusses the misinformation out there and offers clarifications concerning certain types of finance products.
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Chronic Problems in Cannabis Lending Navigating the Patchwork of Laws, Rulings and Regulations
The only constant in the cannabis industry is change. This article provides an overview of the latest developments and points out that lenders need a deep understanding of the inconsistent patchwork of laws and regulations and the continuing conflict of law between the states and the federal government before entering this space.
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Lenders Beware: Lender Liability
The past few years have seen strong liquidity in the marketplace coupled with unprecedented government support of certain borrowers; increased competition for secured transactions among banks and non-banks; and surprisingly fewer distressed transactions during the pandemic than would have been anticipated. As a result, lenders have not had to focus as much on managing distressed credits and the potential pitfalls and risks that are associated with them. As a few recent cases discussed below show, assertions of lender liability may arise in various contexts to an unsuspecting lender.
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Coming Into Focus - TSL Inaugural Data Issue
Jul 7, 2022Welcome to The Secured Lender’s first ever Industry Data Issue. Over the past several years, SFNet has invested heavily in data resources designed to improve planning, provide competitive benchmarking, and attract capital to our industry. Through resources like our groundbreaking Market Sizing and Impact Study, which dimensioned the secured finance ecosystem and will be refreshed this year, to our quarterly and annual data surveys, which continue to grow in participation, to our forward looking Market Pulse Reports, we have made great strides in capturing, analyzing, and predicting industry trends by the numbers.
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Diversity, Equity and Inclusion Are the Necessary Corporate Differentiators
A Moritt Hock & Hamroff partner discusses the potential legal implications for companies that are not committed to diversity and inclusion as increasing shareholder pressures and legal complaints mount.
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Stop Managing Your Time and Start Managing Your Energy
Dr. Arin N. Reeves, researcher, author, and leading advisor to many top executives, offers her advice on the energy deficit so many of us are experiencing.
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Where Are They Now? Catching up with prior SFNet 40 Under 40 Award winners
Jun 15, 2022From promotions to new jobs to starting their own advisory firms, award winners share their career advice and what they have learned.
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Can the Global Supply Chain Survive Global Political Disorder?
Jun 6, 2022The managing director of Global Torchlight, a geopolitical risk advisory firm, discusses the various reasons for the supply chain disruption and what we may expect in the future.
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When the Grass Isn’t Greener: How to Stay Where You Are and Ask for What You Want
We’ve all heard the phrase “The Great Resignation” over the past few months. Angela Fiorentino of AmeriFactors Financial Group and a member of SFNet’s Women in Secured Finance Committee gathered several top female executives to discuss the best way to communicate your professional goals and hold some of those “tough conversations” in this current climate.
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Shifting Gears: An Interview with Hilco Global’s Betsy Ratto
Apr 5, 2022Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development. -
Leading the Way Forward: A Conversation with the Women of SFNet’s Management and Executive Committees
Apr 4, 2022
In 2010, only 19 women served on the SFNet Board of Directors, today there are 46. We’ve doubled the representation of women on the Executive Committee from three to six. Here, we speak with the six women who currently sit on SFNet’s Executive and Management Committees.
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Factoring Trends for 2022
Mar 14, 2022
What’s in fashion for factoring this coming spring? Quite a bit. This year’s trends show what we’ve all been keeping under wraps for the last two years, and we’ll be seeing some definite changes.
First up, a cascade of activity with more traditional bank lenders that retained customers during the pandemic based on regulatory allowances and readily available government funding may start pushing out underperforming loans. -
Interview with Bob Grbic, President & CEO of White Oak Commercial Finance and the Chair of SFNet’s Factoring Committee
Mar 10, 2022
Robert Grbic has more than 30 years of commercial lending experience. He has been with the company and its predecessor since 2005, previously serving as senior executive vice president and chief credit officer where he was involved in creating a hands-on, best-practices credit culture, as well as helping the Company expand its client portfolio.
Before that, Grbic was managing director at MorrisAnderson & Associates ltd., a turnaround-consulting firm. He also co-founded MetSource Capital, LLC, a restructuring and corporate finance firm, working primarily with small- and medium-sized companies. In addition, Grbic has also served at GMAC Commercial Credit, LLC, BNY Financial Corp and Bankers Trust. He has served as an instructor for the Finance, Tax and Law Department at the NYU School of Continuing Education. Grbic holds master’s and bachelor’s degrees in Business Administration from Pace University.
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Members of SFNet’s Factoring Committee Discuss Sources of Business, Supply Chain Issues and More
Mar 8, 2022
TSL’s editor-in-chief sat down with several members of the SFNet Factoring Committee to review the current landscape in early 2022. Participants include Carol Apicella, senior vice president, BankFinancial Government Finance; Tina Capobianco, senior vice president, J D Factors Corporation; Dan Karas, executive vice president, Allied Affiliated Funding; Kevin Laborde, president, Cash Flow Resources; and Paul Schuldiner, executive vice president & chief lending officer, Rosenthal & Rosenthal, Inc.
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Financial Forecasting in the Post-Pandemic World
Feb 28, 2022Executives from PKF Clear Thinking provide key points that both lenders and their borrowers need to be mindful of when preparing and reviewing 2022 and beyond business plans.
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An Interview with Tim Knight, Senior Managing Partner, ThinkingAhead
In this installment of our series of executive interviews, Charlie Perer sits with Tim Knight (pictured) to hear his perspective on executive development, advice for lenders, the growth in the non-bank market, what every executive should be thinking about, the importance of diversity and lessons learned, among other things.
Knight is the vice president and senior managing partner with ThinkingAhead where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
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Interview with SFNet President Peter B. York
Dec 7, 2021
Peter York is managing director and head of the Asset Based Lending (ABL) practice for the Corporate & Investment Bank of J.P. Morgan. He has been with J.P. Morgan for over 17 years and has more than 27 years of secured ABL experience. York’s strengths include large multibank syndicated financing, cross-border structuring, leveraged buyout finance, and bankruptcy and debtor-in-possession (DIP) financing.
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Is a Corporate Default Wave Ahead In 2022?
Nov 11, 2021
Some turnaround and M&A leaders are predicting the second quarter of 2022 could be when the “default boom” hits. Asset-based lenders, factors, and other secured lenders will need to be at the ready to handle turnaround deals.
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SFNet 2021 Advocacy Highlights
Nov 9, 2021The COVID pandemic pushed SFNet’s already active advocacy program into overdrive in 2020 and the past year has kept our advocacy volunteers just as busy. As we work to find the balance between economic health and personal well being, the SFNet team has had to quickly mobilize at times to respond to a diverse array of issues, from concerns around damaging flaws in the Economic Injury Disaster Loan (“EIDL”) program to the ongoing saga of state financial disclosure bills.
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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An Interview with MidCap Business Credit’s Steven Samson and Seth Cooper
Dec 12, 2023Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies. -
ABL Through and Through: A Conversation with John Eissele
Dec 6, 2023This past Fall, MUFG announced leadership changes within its Asset-Based Finance team designed to align the team to better support its overall ABF growth strategy in the Americas. Leadership team members are based in three key markets – New York, Boston, and Los Angeles. John Eissele, who has been with the bank for 11 years, was appointed as MUFG’s new head of ABF. Here, Eissele discusses his goals, strategic priorities, challenges and opportunities.
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Vikram Savkar, General Manager for Compliance Solutions at Wolters Kluwer, Discusses his New Role
Sep 11, 2023
In July, Wolters Kluwer announced Vikram Savkar was hired as general manager, Compliance Solutions. In this capacity, Savkar oversees a successful, growing business within Wolters Kluwer noted for its product innovation, technology advancements, and unparalleled domain expertise. The business is dedicated to helping financial institutions efficiently manage risk and regulatory compliance obligations while gaining the insights needed to focus on better serving their customers and growing their business. Here, he discusses his top priorities and goals in his new position and compliance concerns.
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SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
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Shields Up: How Secured Lenders in Canada Can Protect Against Undervaluation in Insolvency Driven Sales Processes
Jul 11, 2023The present economic cycle distinguishes itself from previous credit crises due to the influence of unforeseeable elements that are driving inflationary pressures. Consequently, lenders find themselves navigating an extended period of ambiguity. Instead of encountering a swift surge of defaults, we anticipate a turbulent environment that demands the collective willingness of all involved parties to adapt terms and effectively address distress.
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Interview with Rosenthal’s Chief Lending Officer Paul Schuldiner and Director of Recourse Factoring Leigh Lones
Jul 5, 2023
Rosenthal & Rosenthal’s recourse factoring division, launched earlier this year, allows the company to look beyond the traditional industries served by non-recourse factoring. Here, Rosenthal’s chief lending officer, Paul Schuldiner, and director of Recourse Factoring, Leigh Lones, discuss the recourse factoring division and what they’re seeing in the industry.
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Navigating Economic, Professional and Personal Change at SFNet's 2023 Women in Secured Finance Conference
Jun 12, 2023“We have a great agenda planned for this year,” said WISF Committee Chair Laura Kemper Glass, and SVP, East Region Senior Portfolio Manager, Bank of America, N.A. “We’re bringing back, by popular demand, the small group Roundtable discussions on personal and professional change, which provide a great opportunity for intimate networking with others in the industry.”
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SFNet 2023 Market Sizing Study Documents a Mammoth-Sized $4.866-Trillion U.S. Secured Finance Market
Jun 6, 2023The Secured Finance Network’s (SFNet) new Secured Finance Market Sizing and Impact Study reports that the total secured financing volume of transaction flows to U.S. commercial businesses in 2022 was nearly $4.9 trillion. In other words, the scope of this market, which comprises seven major financing categories, “underpins, either directly or indirectly, over one-fifth of…the transaction volumes that make up the $23 trillion in U.S. Gross Domestic Product (GDP),” according to the study.
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SFNet Partners with NYU Stern to Offer new Course - Impactful Leadership for High Potentials, Bringing a Multi-faceted Learning Experience
May 11, 2023
The Secured Finance Foundation has joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit (pictured) coupled with real-world secured finance applications.
This two-day course, held in person at NYU Stern June 20-21, will introduce attendees to a variety of analytical frameworks while simultaneously modelling tactical approaches – all with the focus on developing leadership skills.
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SFNet Member Spotlight: Sound Point Capital Management, LP
May 8, 2023Sound Point Capital Management, LP
375 Park Avenue, 33rd Floor
New York, NY 10152
www.soundpointcap.com
Sound Point Capital Management, LP is an asset management firm founded in 2008 with particular expertise in credit strategies.
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