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  • 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.

       

    3. MidFirst Business Credit Appoints John Nooney as President
      Oct 22, 2024
      MidFirst Business Credit (the “Company”), a subsidiary of MidFirst Bank, the largest privately owned bank in the nation, today announced the appointment of John Nooney as President. Dennis Schlesner, former President of MidFirst Business Credit, retired on October 1, 2024.
    4. Jenn Palmer 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. 

    5. tiffani-bova-official_150 Interview with Tiffani Bova, SFNet Convention Keynote Speaker
      Oct 21, 2024
      Ranked 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.”
    6. JPalmer Collective Completes $72 Million Capital Raise to Accelerate Growth and Fund New Clients
      Oct 18, 2024
      JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, today 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.
    7. Travis Pocock Joins SLR Business Credit
      Oct 15, 2024
      SLR Business Credit, and its parent company SLR Capital Partners, is proud to announce the addition of Travis Pocock as Senior Vice President. In his role, Travis will be responsible for identifying and engaging asset-based lenders, accounts receivable factoring companies, and portfolios for acquisition.
    8. Navigating Cybersecurity Challenges in the Lending Industry
      Oct 14, 2024
      Attorneys 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.
    9. Tom Harris Joins Iron Horse Credit
      Oct 14, 2024

      Iron Horse Credit, a newly anointed asset-based lender, is proud to announce the addition of Tom Harris as Business Development Officer. In his role, Tom will be responsible for identifying new territories, partnership channels and building new client relationships.

       
    10. U.S. Middle Market Performance Shows Sustained Stability
      Oct 11, 2024
      Middle 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.
    11. Encina Lender Finance Bolsters Senior Management Team With Three Promotions and Two Key New Hires
      Oct 9, 2024
      Atlanta, GA and San Francisco, CA – October 10, 2024 – Encina Lender Finance, LLC (“ELF”) announced today several senior executive promotions and key new hires to support the company’s next stage of growth.
    12. Stephen Schwartz A Conversation with Wells Fargo’s Managing Director of Supply Chain, Trade, and Channel Solutions
      Oct 7, 2024
      Stephen 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.