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Evolving Strategies in Business Development for Secured Finance
Jul 9, 2024
In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
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Alexandra S. Scoggin Joins nFusion Capital as Senior Executive Vice President
Jul 1, 2024
nFusion Capital announced that award-winning sales executive Alexandra S. Scoggin has joined the company as a Senior Executive Vice President. For over 18 years, Scoggin has worked with entrepreneurs, management teams, and sponsors of small and middle-market businesses to understand their working capital needs and provide customized financing solutions that leverage their assets.
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Understanding the Complexities of Recruiting and Retaining Talent
Jul 1, 2024
The secured finance industry is feeling the strain as the industry ages and its most experienced executives retire. Here, SFNet members offer their points of view on the challenge.
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Asset-Based Lending Data Show Industry Remains Healthy, with Moderately Improving Outlook
Jun 26, 2024
Banks and other lenders shared a mostly positive outlook for the asset-based lending market in the first quarter, fueled by predictions of a soft landing for the U.S. economy. But they are mindful of looming regulatory changes and continue to monitor portfolios for signs of post-pandemic stress, according to data released by the Secured Finance Network (SFNet).
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Interview with John Nooney, Mark Pickering and Charlie Perer of SG Credit Partners
Jun 24, 2024
John Nooney and Mark Pickering joined SG Credit Partners with the goal of bringing their upmarket sophistication to the lower middle market to build a broad commercial finance platform. On
June 13, SG Credit Partners announced the creation of its Commercial Finance platform exclusively serving lower middle market entrepreneurs and a new website illustrating its expanded capabilities.
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Mitsubishi HC Capital America Boosts Commercial Finance Credit Team with Two New Executive Hires
Jun 24, 2024
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the expansion of its Commercial Finance Credit team with the addition of two seasoned credit professionals.
Cary Downer joins as Vice President - Credit, bringing 27 years of industry experience, and
Todd Thompson joins as Vice President - Credit Officer, with over 20 years of experience.
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SFNet Announces Secured Finance Certified Professional Program: Elevating Standards in the Industry
Jun 20, 2024
In the dynamic world of secured finance, maintaining an edge is paramount. To meet the evolving needs of the SFNet community, we are launching an innovative and comprehensive certification program. The Secured Finance Network’s
Secured Finance Certified Professional (SFCP) Program is designed to equip individuals with the knowledge and skills, necessary to excel in asset-based lending and factoring.
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Where Are They Now? Catching up with Previous SFNet 40 Under 40 Award Winners
Jun 17, 2024
Past SFNet 40 Under 40 Award recipients discuss how the Award affected their careers and offer advice to the next generation.
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eCapital Welcomes Matthew Shearer as SVP, Channel Sales
Jun 17, 2024
eCapital Corp. ("eCapital"), a leading tech-enabled finance provider for small and medium-sized businesses (“SMBs”) across North America and the U.K., proudly announces the appointment of Matthew Shearer as Senior Vice President of Channel Sales. This strategic move aims to expand eCapital's reach by embedding its financing solutions within third-party platforms and digital marketplaces.
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SG Credit Announces the Launch of SG Commercial Finance and Hiring of John Nooney And Mark Pickering
Jun 13, 2024
SG Credit Partners today announced the launch of SG Commercial Finance (“SG CF”) and the hiring of career ABL executives John Nooney and Mark Pickering to lead the group. SG Commercial Finance is a new vertical under the SG umbrella formed to originate and manage both asset-based revolving loans as well as asset-backed and cash flow term loans from $5 million to $20+ million in commitment size to companies in a variety of industries.
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SFNet’s 3rd Annual SFNet Cross-Border Finance Essay Contest Offers Industry Recognition, Chance to Be on SFNet Convention Panel
Jun 10, 2024
Sponsored by Goldberg Kohn, the essay contest serves as a platform to discuss cross-border trends and issues and gain industry recognition. 1
st, 2
nd and 3
rd place winners will be invited to present on a panel at
SFNet’s 80th Annual Convention in Houston, TX and have their essays published in
The Secured Lender magazine. The contest is open to employees of SFNet member companies. Entry is free and all submissions must be received by June 25, 2024.
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William Walsh Joins Rockland Trust’s Asset Based Lending Division
Jun 6, 2024
Rockland Trust recently expanded its Asset Based Lending Team with the appointment of William Walsh as Vice President, Relationship Manager. In this role, Mr. Walsh is responsible for cultivating and nurturing relationships with clients across the team’s portfolio.
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Interview with Jeff Dunlop and Maria McGuire of Goldberg Kohn, SFNet Past 40 Under 40 Award Recipients
Jun 5, 2024
Earlier this year, Jeffrey B. Dunlop and Maria T. McGuire were named co-chairs of Goldberg Kohn’s Commercial Finance Practice Group. They succeed Michael Hainen, who completed his highly successful nine-year term as the practice group leader at the end of 2023.
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Paul Hastings Adds Premier Restructuring and Private Credit Team, Further Strengthening Market-Leading Restructuring and Finance Platforms
Jun 3, 2024
In a move that further strengthens its market-leading restructuring and global finance platforms, Paul Hastings LLP announced today that a team of top-tier restructuring, private credit and special situations lawyers has joined the firm across multiple locations.
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Republic Launches Internal Field Examination Group, Hiring Tuyet-Van Nguyen as SVP, Head of Field Examination & Governance
May 28, 2024
As part of its 2024 growth strategy, Republic Business Credit is pleased to announce the addition of Tuyet-Van T. Nguyen to its New Orleans team. Nguyen assumes the role of Senior Vice President, Head of Field Examination & Governance, and will lead all third-party and internal field examination activities across the commercial finance portfolio.
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SFNet’s Women in Secured Finance Conference to Focus on Expanding Influence
May 23, 2024
SFNet’s
Women in Secured Finance Conference will be held June 12-13, 2024 at Jay Suites Midtown East, New York, NY. An event designed to cultivate leadership skills and connect with fellow trailblazers, the Conference is geared to both aspiring leaders and seasoned professionals who are looking to make an impact and expand their sphere of influence.
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Jeffery Wacker Joins Webster Bank’s Asset Based Lending Division
May 22, 2024
Webster Bank today announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the entire United States market, focusing on the market for syndicated, large corporate ABL senior secured credit facilities.
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Interview with Savi Hussain, Member of SFNet’s Diversity, Equity & Inclusiveness Committee
May 16, 2024
Savitri Ramjohn Hussain (Savi) migrated from Guyana, South America in 1984. She is a mom of four children and has three amazing grandkids. Savi Hussain serves as the head of underwriting and senior VP at Iron Horse Credit. She comes with a wealth of industry knowledge and 25 years of experience in asset-based lending including accounts receivable finance, inventory finance, purchase order finance and supply chain finance.
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Who’s on First? The Rise of the First-Out ABL Product
May 13, 2024
"Who's on First?" is a comedy routine made famous by American comedy duo Abbott and Costello. The premise of the sketch is Abbot comically trying to identify to Costello the names of players on a baseball team that simultaneously leads to misunderstanding and frustration between the two. Today, there are now enough ABL products to fill an infield with the latest one, First-Out ABL, being on first. The First-Out product is simply an asset-based loan within a term loan originated by a traditional cash flow lender.
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SFNet Partners with NYU Stern to Offer "Impactful Leadership for High Potentials" Course for a Second Year
May 9, 2024
The Secured Finance Foundation has again joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit coupled with real-world secured finance applications. This two-day course, held in person at NYU Stern, June 11-12, will introduce attendees to a variety of analytical frameworks while simultaneously modelling tactical approaches – all with the focus on developing leadership skills.