SFNet Reaches Out to Leading Trade Associations Regarding Banking Crisis

In letters to officials at leading US industry vertical trade associations, including the National Association of Manufacturers and National Retail Federation, SFNet President Jennifer Palmer and CEO Richard Gumbrecht, offered support to their membership in light of the recent disruption sparked by the SVB collapse.  The outreach comes at a tumultuous time for many borrowers and extends “economic lifelines” to current and prospective borrowers.

“In the wake of the unfolding bank crisis, we want to make your members aware of critical resources available to them to fund their continuing operations.” The letters included a primer on secured finance and offered links to the SFNet Member Directory.  “No doubt, your members have questions about the lending environment.  Please consider our organization a resource to help address any concerns they might have, and a referral source for secure and dependable sources of capital.”   

Editors note:  SFNet is compiling useful resources for our members to reference as events develop.  Please visit the following link which will be updated regularly.