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MidCap Business Credit Adds Ray to New Business Team
Oct 7, 2024
MidCap Business Credit has appointed Ryan Ray as Senior Vice President of its business development team. Ray has spent the last 15 years in asset-based finance in business development, most recently with Accord Financial. Ryan will be located in Chicago and will cover the Midwest market further cultivating relationships with asset-based lenders, private equity sponsors, investment bankers, advisors, and other financial institutions.
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SFNet Announces Governance Boards Leadership
Oct 3, 2024
The 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 2024 President Barry Bobrow Reflects on a Successful Year
Oct 2, 2024
Bobrow 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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SFNet Releases ABL Q2 and Factoring Mid-Year Reports
Sep 27, 2024
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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, 2024
Navigating 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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FGI Risk Expands West Coast Presence with Hiring of Sara Bell
Sep 24, 2024
FGI Worldwide LLC (www.FGIWW.com) (“FGI”), a global leader in the commercial finance industry, has announced the hiring of Sara Bell as Director, FGI Risk. Based in Los Angeles, Ms. Bell will focus on developing relationships and new business opportunities on the West Coast for FGI’s credit insurance brokerage and risk advisory division.
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White House Partners with Monroe Capital to Launch New Strategy to Support U.S. Automotive Industry Growth Initiatives and American Autoworkers
Sep 23, 2024
Along with the anticipated advisory support of MEMA, The Vehicle Suppliers Association (“MEMA”) and the Alliance for Automotive Innovation, Monroe intends to launch this new strategy (the “Drive Forward Fund LP” or the “Fund”) to help address this key White House initiative.
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The Evolution and Impact of Factoring Services Amidst Global Supply Chain Disruptions
Sep 23, 2024
In 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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White Oak Commercial Finance Hires Matthew DeBernardo and Blake Voyles to Bolster Middle Market Origination and Underwriting
Sep 17, 2024
White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the hiring of two new executives: Matthew DeBernardo as Managing Director of Originations, and Blake Voyles as Head of Lower Middle Market Underwriting.
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An Interview with SFNet’s Co-General Counsels: Bobbi Acord Noland and Jonathan Helfat
Sep 17, 2024
In 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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Flagstar Bank Expands Commercial and Private Banking Leadership Team with Key Executive Appointments
Sep 16, 2024
Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), announced today the expansion of its Commercial and Private Banking leadership team with the appointment of four accomplished senior executives.
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Unlock the Future of Supply Chain Finance: Join SFNet’s December Conference for Key Insights and Networking
Nov 20, 2024
On 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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Sallyport Announces $7,000,000 Accounts Receivable Finance Supporting Acquisition
Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business - an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers.
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Public Data in Cross-Border Lending
Sep 2, 2024
Data 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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Leading Restructuring Lawyer Joins Latham & Watkins in New York
Aug 27, 2024
Latham & Watkins LLP is pleased to announce that
Joe Zujkowski has joined the firm's New York office as a partner in the Restructuring & Special Situations Practice. Zujkowski represents debtors, ad hoc creditor groups, and individual creditors in in-court and out-of-court restructurings and in executing complicated financing transactions.
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Update: Texas Court Halts the FTC’s Rule Banning Non-Compete Clauses
Aug 27, 2024
With only weeks to go before the rule was set to take effect, the U.S. District Court for the Northern District of Texas, on August 20, 2024, affirmed its earlier ruling that the FTC’s rule banning non-competes is unlawful—but this time, the Court expanded its limited injunction and set aside the FTC’s rule entirely, meaning that the FTC’s rule will not go into effect on September 4 for any employer.
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Olympic Athletics and Lending, Private Equity and Investing Success – Not as Different as You Might Think!
Aug 21, 2024
With 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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SFNet Announces IMPACT Award Winners and 2024 Hall of Fame Inductees
Aug 21, 2024
SFNet is pleased to announce the winners of its inaugural IMPACT Awards and the inductees into the 2024 SFNet Hall of Fame. The IMPACT Award recipients embody the core values and achievements that the SFNet community strives to uphold and promote. Hall of Fame inductees have made significant, lasting contributions to the secured finance industry throughout their careers. We look forward to celebrating with this august group on the evening of November 12 in Houston, prior to SFNet’s Annual Convention.
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Daniel Karas Joins nFusion Capital as EVP of Asset Based Lending
Aug 19, 2024
nFusion Capital announced that Daniel J. Karas has joined their team as EVP of Asset Based Lending. Dan is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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Cambridge Savings Bank Revamps its Commercial Lending Team, Promotes Ian Brandon to EVP, Chief Commercial Banking Officer
Aug 15, 2024
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).