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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Winter Is Coming: What We Learned About Preparing for a Cooling Economy
Dec 10, 2025
A South Florida SFNet chapter event on September 17, “Winter is Coming: How to Prepare for a Cooling Economy,” was an in-depth panel presentation moderated by Chris Gouskos from Gibraltar Business Capital. The panelists shared practical ways lenders can protect their institutions and their clients as economic uncertainty builds. Together, they examined how deals are originated, managed, and, when necessary, restructured.
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Cambridge Savings Bank Appoints Cal Navatto as Senior Vice President, Senior Asset-Based Lending Relationship Manager
Dec 10, 2025
Cambridge Savings Bank (CSB) today announced that W. Calvin “Cal” Navatto has joined the Bank as Senior Vice President, Senior Asset-Based Lending (ABL) Relationship Manager within its Commercial Division. In this role, Navatto will focus on expanding CSB’s asset-based lending portfolio, deepening relationships with middle-market companies, and supporting the continued growth of the Bank’s ABL business.
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Moritt Hock & Hamroff Expands New York Corporate, Creditors' Rights and Litigation Capabilities with Addition of Walter Siegel, Kristina M. Sgambati and Joseph A. Famulari II
Dec 10, 2025
Moritt Hock & Hamroff, a New York headquartered commercial law firm, today announced the addition of attorneys
Walter Siegel,
Kristina M. Sgambati and
Joseph A. Famulari II. Siegel joins the firm's Corporate, Dispute Resolution and Litigation practices as counsel in its New York City office while Sgambati and Famulari join the firm's Litigation practice as associates in its Garden City office.
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Wingspire Capital Promotes Will Bence to Head of Originations
Dec 8, 2025
Wingspire Capital has announced the promotion of Will Bence to Senior Managing Director, Head of Originations. Bence joined Wingspire in 2020, shortly after the firm was founded, and will now lead the national team of best-in-class business development professionals. He brings nearly 20 years of experience in both the bank and non-bank lending markets.
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Built-In Discipline: How Asset-Based Lending Stays Secure and Efficient Amid Emerging Risk
Dec 8, 2025
In today’s volatile financial landscape, asset-based lending stands out as a resilient and adaptable solution for both borrowers and lenders. The data says it all: according to SFNet’s Annual Asset-Based Lending Survey, losses on asset-based lending loans have averaged less than 10 basis points per year over the past three years. Unlike unsecured lending, ABL is anchored in tangible collateral (receivables, inventory, equipment, and more) providing a layer of security that is especially valuable when markets are unpredictable. But the true strength of ABL lies not just in the assets themselves, but in the discipline and oversight embedded throughout the lending process.
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Oz Lindley Joins Pathward’s Commercial Finance Team
Dec 4, 2025
Pathward®, N.A. (“Pathward” or “the company”) has appointed Oz Lindley as Managing Director, Business Development. In this position, Lindley is responsible for originating and structuring asset-based transactions to lower and middle-market companies throughout the southeast region of the U.S.
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Opening Doors: How SFNet’s Guest Lecture Program Connects Students to Careers in Secured Finance
Dec 3, 2025
Launched in 2019, SFNet’s Guest Lecture Program aims to educate and inspire young, diverse talent in the secured finance industry by introducing students to asset-based lending (ABL), factoring, and other secured lending disciplines.In support of this lecture series, the Secured Finance Foundation ("SFFound" or "Foundation") connects industry leaders to undergraduate and graduate finance students. Here, we sat with Jennifer Palmer, CEO, JPalmer Collective, and Sarah Walsh, credit analyst, JPalmer Collective, to discuss how SFNet’s Guest Lecture Program brought them together.
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Building the Future of Asset-Based Lending at SLR Capital Partners: An Interview with Mac Fowle and Cedric Henley
Dec 1, 2025
In October, SLR Capital Partners appointed Mac Fowle as president of Asset-Based Lending. In this newly created role, Fowle leads the expansion of SLR's ABL platform by leveraging his more than 20 years of experience in the ABL industry for U.S. middle market borrowers. Fowle reports to Michael Gross and Bruce Spohler, co-founders of SLR, and Cedric Henley, chief risk officer of Specialty Finance. Prior to joining SLR, Fowle served as global head of Asset-Based Lending for J.P. Morgan Commercial Banking, responsible for leading the ABL group and supporting client financing needs for Commercial & Investment Banking clients.
Here TSL Express sat down with Mac Fowle and Cedric Henley to discuss the new role and first priorities.
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The Cost of Uncertainty
Nov 24, 2025
The secured lending industry has had to adjust to a series of exogenous shocks over the last two decades: the Great Financial Crisis (GFC), the COVID-19 pandemic and now fast-changing policies around tariffs and trade. The current environment presents a distinct set of challenges and risks— but many lenders appear to be fighting the last war, applying lessons learned during COVID that may prove ill-suited to this new era of uncertainty.