TSL Feature Articles

White Oak executives detail a complex deal that unlocked substantial liquidity for an asset-heavy borrower in a non-traditional ABL industry.

Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.

Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.

SFNet’s Crucial Conversations webinar, “The Value and Effective Use of Covenants in a Factoring Transaction,”

focused on why covenants are needed in a discretionary factoring facility; covenant types and reporting frequency; the art of picking the right covenant(s) and more. Here, panelist Hugh Larratt-Smith provides a recap of the webinar.

In December, Gordon Brothers announced that Norma Kuntz would be appointed CEO of the company, effective February 13, 2023. Ken Frieze and Michael Frieze will continue to serve the company as chairman and chairman emeritus, respectively.

Kuntz joined Gordon Brothers as its president and chief operating officer in June 2022 and quickly demonstrated her readiness to lead the firm. Prior to Gordon Brothers, she served as the chief operating officer and chief financial officer of global private equity at The Carlyle Group. Her nearly 25 years of financial services industry experience includes global roles within private equity, asset management, alternative investments and valuations, positioning her well to lead a multi-disciplinary global firm poised for growth.

Now in its 8^th year, the Emerging Leaders Summit is a dynamic conference designed to unite professionals with 6-15 years of experience in secured finance. This year’s keynote speaker is Dave Spandorfer, CEO & Co-Founder of Janji, a start-up apparel organization that links runners with exploring and giving back. We sat down to speak with Spandorfer to discuss the history of the brand, the role funding from Assembled Brands played in its growth, and its commitment to social impact.  

When asked, “Is technology empowering or overshadowing expertise in asset-based lending?” the answer is simple: Yes.

We’re in an era where technology’s efficiency and human expertise should work together, and if balanced thoughtfully, we can absolutely have both. But this requires intention. As we lean into technology, we must preserve the critical thinking that defines the art of ABL.

In this installment of our executive interview series, Charlie Perer sits down with past SFNet president Michael Haddad to discuss the current commercial finance hiring market and his unique, self-directed approach to securing his next leadership role, among other topics.

For those who haven't been following, Michael has been sharing insightful weekly updates on LinkedIn about his personal journey in finding his next opportunity.

With almost 40 years in commercial finance, including recent roles at Bridgeport Capital and Bay View Funding, and a strong commitment to helping businesses secure working capital, Seidenberger brings substantial industry knowledge to Franklin Capital’s senior team. Here we sat down with Seidenberger to learn more about his new role at Franklin Capital and his predictions for the industry this year.

SFNet's Asset-Based Capital Conference was held February 11-12, 2025, at the Wynn in Las Vegas, NV. Now in its 17^th year, it is the premier event for those in the middle-market leveraged finance and asset-based finance world. Attendees walked away with up-to-date market insights from industry leaders, with panels ranging from the current state of the economy and industry, while benefitting from networking opportunities with key decision makers. Here, conference attendee Cheryl Mayo of Haversine Funding shares some of the key conference takeaways.