-
Monitoring Payables: The Canary in the Coal Mine
Jan 26, 2026
There is no debating the over-arching importance of collateral as the default option in “getting out” of a distressed loan. To that end, lender due diligence is centered on determining the values of assets through periodic third-party appraisals and field examinations, with an added emphasis on confirming the borrower’s ability to provide timely and accurate reporting on collateral and financial performance.
-
Immigration, Labor Markets, and Interest Rate Policy
Jan 22, 2026
Talk of recession is growing, but the data tell a more complicated story. In this article, Jerry Nickelsburg—economist and adjunct professor at UCLA Anderson School of Management—examines labor market statistics, immigration policy, and history to unpack what policymakers are seeing, and whether today’s “weakness” truly warrants aggressive interest rate cuts.
-
RelPro Marks 10-Year Anniversary with Leadership Transition as Rajmangal Named CEO
Jan 22, 2026
Raaj Rajmangal succeeds Founder Martin Wise as the company’s Chief Executive Officer. Wise transitions to Executive Chairman.
-
ABL: The acronym that describes different approaches to a trillion-dollar industry
Jan 20, 2026
Asset-based lending and asset-backed lending can be easily confused but represent contrasting lending activities. Rich Gumbrecht, CEO of the Secured Finance Network, explains the differences in this article published by Private Debt Investor.
-
Truist Announces New Head of Structured Credit
Jan 16, 2026
Truist Financial Corporation (NYSE:
TFC) today announced that Mark Cuccinello has joined the company as Head of Structured Credit, overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance. In this role, Cuccinello will help advance Truist's structured credit strategy by aligning more closely with the corporate and commercial banking teams to deepen industry relationships and help businesses grow, manage liquidity, and invest in their operations.
-
Lendscape Appoints Brett Promisel as Chief Executive Officer
Jan 14, 2026
Lendscape today announced the appointment of Brett Promisel as Chief Executive Officer, following an extensive, global search process. Promisel joins Lendscape with more than 30 years’ experience leading global technology and financial services organisations, with a strong track record of driving growth, operational excellence, and transformational change.
-
Receivables Purchase and Asset-Based Lending: Insights from First Brands: Part 2
Jan 14, 2026
A lot has been written (and continues to be—proof positive right here) about the First Brands bankruptcy and its various elements. The complex debt structure of First Brands, mixed with the allegations of fraud, has led to a range of issues for lenders to consider. (
EDITOR’s NOTE: SFNet’s Supply Chain Finance Convergence, which will be held in New York on March 3, will also cover recent prominent frauds as well as SFNet’s Fraud Task Force recommendations.)
Please click here to read the first part of this article, which was published in TSL Express on January 12-13, 2026.
-
Siena Lending Group Transacted over $1B in Facilities in 2025
Jan 12, 2026
Siena Lending Group LLC (“Siena”), today announced that it closed more than $1 billion in financing facilities in 2025, providing tailored solutions to clients across multiple industries with transactions ranging from $20 million to $350 million.
-
Receivables Purchase and Asset-Based Lending: Insights from First Brands
Jan 12, 2026
When a borrower layers factoring, supply chain finance, securitization, and ABL into a single capital stack, the risks multiply fast. Considered in light of the First Brands bankruptcy, David W. Morse unpacks how receivables purchase facilities can collide with asset-based lending—and what lenders should be doing in their documents and monitoring to better catch the next double-pledge disaster.
-
Karen Marino Joins JPalmer Collective as Head of Risk Management
Jan 8, 2026
JPalmer Collective (JPC), an asset-based lending firm dedicated to funding high-growth, women-led, and natural products companies today announced that Karen Marino has joined the firm as Head of Risk Management. Karen will work closely with JPC’s credit teams to underwrite and manage client relationships, helping the firm thoughtfully identify, assess, and mitigate risk as it continues to grow.
-
Back To The Future – The Advent Of Re-Shoring And Its Impact On Secured Financing
Jan 6, 2026
Over the past three decades, we have witnessed a shift in manufacturing sourcing strategies, moving from domestic to global, to near-shoring, and now back to domestic sourcing.
-
M&A Market Set to Broaden as Confidence Surges
Jan 6, 2026
After a year of economic uncertainty and headline-grabbing megadeals,
Citizens’ 15th annual M&A Outlook points to a broader U.S. dealmaking landscape in 2026. Optimism among leaders at U.S. middle market companies and private equity firms has hit a six-year high, with 58% calling the current mergers and acquisitions environment strong.
-
Celebrating the Achievements of SFNet Chapters
Jan 5, 2026
The Secured Finance Network’s Chapters share highlights from the past year, including golf outings, educational events, and networking activities.
-
Saks Mulls Bankruptcy After Raising Billions for Turnaround
Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.
-
Field Exams: Evolving Tools, Unchanging Purpose
Dec 22, 2025
Field exams may not make headlines, but they’re the unsung heroes of asset-based lending. This article explores how these rigorous, hands-on reviews continue to anchor risk management in a tech-driven world. If you’re a lender seeking deeper insight into collateral quality, evolving risks, and the future of ABL diligence—read on and stay ahead of the curve.
-
Lawrence Ridgway Joins Pathward’s Commercial Finance Team
Dec 18, 2025
Pathward®, N.A. (“Pathward”) has appointed Lawrence (“Larry”) Ridgway as Managing Director, Business Development. In this position, Ridgway is responsible for originating and structuring asset-based transactions to lower and middle-market companies throughout Illinois and the Chicagoland area.
-
ABL Market Update – Q3 2025: Resilience in the Face of Macro Bifurcation
Dec 18, 2025
In Q3 2025, the asset-based lending (ABL) market continued its cautious rebound amid a complex macroeconomic backdrop marked by uneven sector performance, delayed federal data reporting, and shifting Federal Reserve policy expectations. Data from LSEG LPC and the Secured Finance Network’s (SFNet) Quarterly ABL Survey reveals a stable-to-improving trend in ABL activity—driven by stronger equipment-related investment, opportunistic M&A, and growing demand from liquidity-seeking borrowers in volatile sectors.
-
SFNet Releases Q3 2025 Asset-Based Lending and Confidence Indexes
Dec 18, 2025
The Secured Finance Network (SFNet) has released its Q3 2025 Asset-Based Lending Index and Lender Confidence Index, offering a snapshot of how the industry has remained strong despite tariff headwinds, a government shutdown, and private credit bankruptcies in the headlines.
-
The All-You-Can-Eat Borrowing Base
Dec 15, 2025
A new trend is reshaping asset-based lending (ABL): the bundling of fixed assets into the borrowing base at the same pricing as traditional working capital assets.
-
SFNet’s 81st Annual Conference: Innovations and Trends Shaping the Future
Dec 15, 2025
SFNet’s 81st Annual Convention at the JW Marriott L.A. LIVE provided an opportunity for SFNet members to share insights on the shifting economy, swap playbooks, and begin charting what the next eighteen to twenty-four months may look like in secured finance. For lenders, advisors, attorneys, appraisers and service providers across the ecosystem, the Convention delivered what SFNet does best – networking, market intelligence and practical tools for navigating an increasingly complex environment.