Pathward®, N.A., a national bank focused on financial access, has appointed DJ Krystopa as managing director of Business Development. Based in Philadelphia, Krystopa joins Pathward’s working capital business development team, supporting efforts across the mid-Atlantic and Northeast regions of the U.S. She is responsible for originating and structuring asset-based lending transactions for lower- and middle-market companies. 

When an importer pays tariffs on eligible entries and later becomes entitled to recover some or all of those duties, accounting for the potential refund revenue can vary. This is an actively debated issue among ABL lenders, private credit funds, sponsors and auditors at this time because the legal right to the refund is established, but the refund timing, final refund amount and accounting treatment are less straightforward. In principle, tariff refunds can boost borrower liquidity, but there is risk in framing them as predictable cash flow.