Articles

Denise Albanese of Cost Reduction Solutions discusses the origin of her firm that was started by her husband, Michael F. Albanese, CPA, as a sole practitioner field examiner. 

Denise also discusses the new procedures implemented when the Covid-19 crisis began, what field exams in the future may look like and what makes a business successful. 

During the Secured Finance Network’s webinar on the healthcare finance sector, streamed May 15, Allen Wilen of EisnerAmper, described a future scenario affected by human longevity, geographic location and how COVID-19 affected you. New trends relevant to finance executives are accelerating out of necessity because of the sudden impact of the coronavirus pandemic and the weaknesses it illuminated.

JPMorgan Chase Bank, N.A. acted as sole global coordinator for the marketing of the Term Loan Facility. PJT Partners is serving as independent financial advisor to the Company.

Mac Fowle is the global head of Asset-Based Lending (ABL) for J.P. Morgan Commercial Banking. He is responsible for the end-to-end strategic leadership of the ABL group in supporting the financing needs for clients across Commercial Banking and the Corporate & Investment Bank (CIB).

The thing I love most about stoicism is the ability to combine its philosophy at work and home.  Most people, myself included, do not truly look at themselves dispassionately in either setting.  We are great, we are smart, we are everything someone should be and capable of everything; until we are not.  I experience this recently when I had to look deep inside myself and acknowledge that like all people, I am flawed and have weaknesses.  Most people overestimate their skills while failing to give themselves credit for what they are really great at.  When you truly understand who you are, you will be better at every aspect of your job.  What does this have to do with lending, you might ask; patience is another stoic virtue.

eCapital Corp. (“eCapital” or “the Company”), a leading capital solutions provider for small and medium-sized businesses in North America and the UK, today announced it achieved substantial growth in 2020 and consolidated a total of eight acquired entities into a simplified corporate structure.    

In its 2020 growth surge eCapital provided its clientele access to over $4 billion in financing across 80 industries in the US and Canada, and also achieved an ~66.5% YoY increase in gross revenues and an ~56% YoY increase in portfolio size. 

What’s it like to be a woman executive in a historically male-dominated industry?  What do you wish you knew when you were 30?  Young professionals had the chance to listen to top women executives in the ABL industry offer advice on career moves, leadership, diversity, and more at the SFNet’s YoPro Leadership Summit held in Chicago, IL on August 28^th.

The third quarter saw continued confidence in the asset-based lending market, according to data released by the Secured Finance Network, and that was welcome news as the country wrestles with inflation, rising interest rates and a slowed economy.

SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.  

“Despite the challenges, the asset-based lending industry remains on solid footing,” said SFNet CEO Richard D. Gumbrecht. “Portfolio performance is strong by historical standards, commitments are up, and lenders anticipate strong demand. Overall, the industry is decently-positioned to weather worsening business conditions and a potential recession.”

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.

Backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank, TripActions secures up to $500 million debt facility to launch first-of-its-kind, end-to-end global corporate travel management and payments solution.