- Brian P. Klaban Joins Platte River Equity as Director of Business Development & Debt Capital Markets
- Bank of Southern California Hires William (“Bill”) Sloan and Sam Kunianski to Grow Southern California Presence
- Hitachi Capital America Welcomes Brian Blend as Regional Controller, Technology Finance
- Great Rock Continues Expansion, Adds Northeast Originator
- Vcheck Global Hires Adam Fromowitz as a Managing Director for New York Operation
TSL Feature Articles
Click on the link below to meet some of the “difference makers” in the secured finance community. This issue of The Secured Lender celebrates those who are having a profound impact on both their communities and their organizations.
Previous TSL Articles
Interview with North Mill Capital's Jeff Goldrich
TSL Express caught up with Jeff Goldrich, president and CEO of North Mill Capital (NMC), on the lender’s recent acquisitions. North Mill Capital acquired two factoring companies in 2019: Sage Business Credit, a Minneapolis, MN-based factoring company and Salt Lake City, UT-based Summit Financial Resources, in June 2019. Goldrich discusses what the acquisitions mean for North Mill.
Interview with Ikhwan A. Rafeek of Otterbourg P.C.
In January, Otterbourg P.C. announced that Ikhwan A. Rafeek had been promoted to Member of the Firm in the Banking and Finance Group. Rafeek represents institutional lenders, banks, commercial finance companies, and factors in connection with the documentation of domestic and international secured lending arrangements, including asset-based, factoring, term loan, healthcare, real estate, middle market, leveraged, and first and second lien loan transactions.
Middle Market CFOs Making Bold Moves Despite Volatility – BDO Survey of 700 CFOs
Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56% of middle market CFOs expect a recession by 2021, but they are forecasting positive performance and forging ahead with growth plans.
Founded for Entrepreneurs By an Entrepreneur
FTC Commercial Corporation was launched in 2002 with a strong focus on small and medium-size enterprise. Co-founder Ken Wengrod tapped into his experience, having worked in factoring and retail to create a company that understands the entire trade cycle of manufacturing and importing.
The SME Lending Landscape in 2020
Aaron Hughes, Managing Director of Equiniti Riskfactor, a leading provider in the commercial finance industry, examines the SME lending market for the coming year and the importance of risk management to lenders.
The End of Libor Is a $12 Trillion Headache for Loan Bankers
The whole financial world is working to move away from Libor and other interbank lending benchmarks, which for decades have been used to set borrowing costs on bonds and loans, as well as products ranging from derivatives to credit cards. Since 2018, more than $150 billion worth of bonds have been sold using rates set by a new generation of benchmarks. The syndicated loan market is lagging far behind, with at least $12 trillion of deals needing to be replaced or rewritten so they follow a Libor alternative. There are no easy fixes in sight despite potential deadlines as early as this year.
Lenders Think About Recession Readiness
The head of Capital One’s Financial Institutions Group reviews the trends that lenders should be watching as we shift into 2020.
Thoughts on the Third Quarter 2019 Asset-Based Lending Index
Q3 2019 results generally demonstrate the continuation of trends observed throughout 2019. Year to date, we continue to have growth in the industry as a whole and credit quality remains solid. There are a few notable deviations from trends observed throughout the year as we will see.
General economic conditions continue to be top of mind for the secured finance community, but it is interesting to note that we continue to see a divergence between Bank and Non-Bank Lenders with respect to the SFNet Confidence Index. As a reminder, starting in 2019, we have chosen to divide the ABL lender universe along Bank and Non-Bank lines, as opposed to our previous methodology of splitting up the ABL lender universe by portfolio size.
Review and Forecast with Joseph Nemia, Executive Vice President - Head of Asset Based Lending at TD Bank
Joseph Nemia looks back at 2019 and discusses what the secured finance industry can expect to see in 2020.
Trade Finance Insights: Financing Trade Receivables Beyond ABL or Factoring
A Demica senior director explains how trade receivable securitization programs can be used as a valuable alternative to other funding solutions, especially in cross-border or challenging credit environments.
In This Section
The Secured Lender
The SFNet Capital Markets Issue