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  • Navigating 2025: SFNet’s Asset-Based Capital Conference Returns to Las Vegas with Premier Insights and Networking
    Dec 19, 2024
    SFNet’s Asset-Based Capital Conference returns to the Encore at the Wynn in Las Vegas February 11-12, 2025. Attendees will hear up-to-date market insights from industry leaders, thought-provoking discussions around the economy and industry dynamics, and networking opportunities with key decision makers.
  • Siena Lending Group Announces Leadership Transition Plan
    Dec 17, 2024
    Siena Lending Group LLC ("Siena" or the "Company") announced today that after highly distinguished careers within the commercial finance industry, Chief Executive Officer (CEO) Dave Grende and Chief Risk Officer (CRO) Steven Sanicola will retire effective February 16, 2025. Both Grende and Sanicola will remain active in Siena’s business, taking on the role of Senior Advisors.
  • Celebrating the Achievements of SFNet Chapters
    Dec 17, 2024
    The Secured Finance Network’s 20 Chapters are comprised of professionals with great insight and experience. From golf outings to educational events, several Chapters shared their highlights from the past year. 
  • Steven Meirink Checking in With Steven Meirink, CEO, Wolters Kluwer Financial & Corporate Compliance
    Dec 12, 2024
    Steven Meirink is the CEO of Wolters Kluwer Financial & Corporate Compliance (FCC), which provides lending, regulatory and investment compliance solutions to financial institutions and legal entity compliance solutions to corporations, small businesses, and law firms.
  • LauraJ_GoldbergKohn 2025 Policy Outlook: Navigating Economic and Regulatory Shifts Under New Leadership
    Dec 6, 2024
    Washington enters 2025 with a policy landscape set for significant realignment as the Trump administration returns to office. Slim Congressional margins and pressing deadlines will complicate efforts to advance legislation. Meanwhile, key appointments at financial regulatory agencies, including Treasury, the OCC, the CFPB and the SEC, and other agencies across the administration will guide the implementation of financial services policy and other domestic priorities. 
  • Yellowstone Settles With New York AG For $1 Billion
    Dec 4, 2024
    On December 2, 2024, New York Attorney General (AG) Letitia James asked a state court to approve a settlement between the AG, Yellowstone Capital LLC (Yellowstone) and twenty-four related entities regarding a petition filed by the AG in March 2024.  
  • Randall Klein Lender Liability Management: DIP Financings and the Non-Ratable Roll-Up
    Dec 4, 2024

    This Alert is not another Serta gripe. Rather, this Alert is about the exception to the developing Serta credit agreement language that excludes debtor-in-possession financing as one type of senior financing that does not require an opportunity to participate pro rata.

     
  • Legacy Corporate Lending Strengthens Portfolio and Underwriting Team with Appointment of T.C. Wilde as Executive Vice President ​
    Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of T.C. Wilde as Executive Vice President of Portfolio and Underwriting and Head of Portfolio. 
  • David Morse photo Part 2 -Taking Security in Cross-Border Lending: (How Do You Know) the Steps to Take or Whose Law Is It Anyway?
    Dec 2, 2024
    David Morse of Otterbourg P.C. explores the key relevant rights of the Secured Lender and “Third-Party Effectiveness”, what happens if the obligor on the receivable is located outside
    of the United States?, Rome I Regulation and more. Part 1 of this article appeared in the September/October issue of The Secured Lender.
  • Amerisource Business Capital Expands Team with New Regional Market Manager Appointment
    Nov 26, 2024
    Amerisource Business Capital, a leading provider of asset-based lending and other capital products, is pleased to announce the appointment of Grant Flamang as Regional Market Manager in the Midwest.
  • KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
    Nov 19, 2024
    KeyBank (NYSE: KEY) announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform – which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment.
  • Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
    Nov 19, 2024
    Provident Bank, a leading community-focused financial institution, is pleased to announce the addition of six experienced lenders in the commercial banking space: Matthew Moresco, Matthew Skilton, Gerald Bresser, Michael Valenzano,  Patrick Beaner, and Daniel Decker. These strategic hires come as part of the company’s efforts to strengthen its presence and commitment to businesses throughout eastern Pennsylvania.
  • Appraisers See a Mixed Picture for Valuations
    Nov 18, 2024
    Secured 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.
  • SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
    Nov 14, 2024
    SLR Business Credit is pleased to announce the addition of Mark J. Simshauser as Senior Vice President.  In this role, Mark will have the responsibility of supporting and financing SME’s through the Northeast United States.
  • Bob Seidenberger Joins Franklin Capital as VP of Sales
    Nov 13, 2024
    Franklin Capital is pleased to announce that Bob Seidenberger has joined Franklin Capital as Vice President of Sales. Bob will focus on advancing Franklin Capital’s growth strategy and growing its sales team.
  • SFNet’s DEI Committee Renamed to Inclusiveness Committee
    Nov 12, 2024
    SFNet 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.
  • Walter Schuppe Faces of Freedom
    Nov 11, 2024
    Walter 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.
  • Vince Mancuso 2024_150 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.

    1. TSL1124_RobertMeyers_InterviewPhoto_150 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.

    2. Renee Fellman websize small Numbers are the Symptom and not the Disease
      Oct 23, 2024
      When corporate profits are plummeting, people often say, “They’re having financial problems.” In reality, however, the numbers are the symptom and not the disease. The underlying disease—almost always—is mismanagement of the people, processes and systems through which a company provides its products and services. For that reason, operational restructuring, in tandem with financial restructuring, can produce significantly better bottom-line results than those created by financial restructuring alone.