Wingspire Capital has announced the promotion of Will Bence to Senior Managing Director, Head of Originations. Bence joined Wingspire in 2020, shortly after the firm was founded, and will now lead the national team of best-in-class business development professionals. He brings nearly 20 years of experience in both the bank and non-bank lending markets.

In today’s volatile financial landscape, asset-based lending stands out as a resilient and adaptable solution for both borrowers and lenders. The data says it all: according to SFNet’s Annual Asset-Based Lending Survey, losses on asset-based lending loans have averaged less than 10 basis points per year over the past three years. Unlike unsecured lending, ABL is anchored in tangible collateral (receivables, inventory, equipment, and more) providing a layer of security that is especially valuable when markets are unpredictable. But the true strength of ABL lies not just in the assets themselves, but in the discipline and oversight embedded throughout the lending process.