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FTC Ban on Noncompete Agreements: What Do Employers Need to Know?
May 7, 2024
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to finalize and issue a rule banning virtually all noncompete clauses in employment contracts with extremely limited exceptions. The rule is set to go into effect 120 days after its publication in the Federal Register, which is pending. However, as explained below, it is uncertain whether this rule will go into effect due to the ongoing legal challenges surrounding the rule.
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SFNet's International Lending Conference Returns to London
May 6, 2024
SFNet's International Lending Conference, now in its 18th year, will be held May 13-15, 2024, and will offer thought-provoking discussions led by experts who will explore the nuances of international transactions, and gain strategic intelligence on global economic trends. Issues surrounding private equity, private debt, syndications, restructurings, and technology in ABL will also be addressed.
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Gordon Brothers Welcomes Mark Bohntinsky as Global Head of Credit
May 2, 2024
As Gordon Brothers, the global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.
Bohntinsky oversees Gordon Brothers’ credit quality, setting portfolio strategy and partnering with key lending stakeholders globally, including Kyle Shonak, Head of North America Lending, to expand the firm’s capital base and pursue a wider array of lending opportunities. Additionally, he is a member of the investment committee.
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Navigating the Roadblocks: Challenges and Progress in the U.S. Electric Vehicle Revolution
May 1, 2024
As the automotive industry moves toward electrification, lenders face an uncertain path forward. The successful transition to EVs will require substantial investment at all levels, from charging technology and coverage to dealership infrastructure. As the effect on total cost of ownership unfolds, the residual value models that underpin the entire industry will need to be redefined, impacting financing and leasing. Lenders to the mobility sector should be prepared for further disruption which will provide either opportunities or create credit challenges as companies navigate this dynamic landscape.
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Republic Business Credit Welcomes Brian Resutek as SVP, Southeast Regional Manager, Atlanta
May 1, 2024
Republic Business Credit is excited to announce the addition of Brian Resutek as Senior Vice President, Southeast Regional Manager. Resutek brings nearly two decades of experience in factoring, commercial finance, banking and business development. He joins a team at Republic that has grown by more than 20% in the first half of 2024 alone, adding seven key new hires in the past 90 days.
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Armstrong Flooring Bankruptcy: The Alchemy of Creating Value from Accounts Receivable
Apr 25, 2024
Finding the right combination of capital resources and strategic knowledge in the sale and restructuring of a business is complicated; but when it works, this seemingly magical process of transformation creates incremental value for all constituents involved in the bankruptcy process. Take the case of Armstrong Flooring, and three affiliated companies, that each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 on May 8, 2022.
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Factoring Sector Slightly More Optimistic as Industry Expects Better Business Conditions and Portfolio Performance
Apr 22, 2024
While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network (SFNet) Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year, up 6.0, to 64.8 where 50 indicates a neutral outlook.
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Asset-based loan commitments grew in 2023, with fewer new clients, but larger deals
Apr 18, 2024
Economic twists and turns marked 2023 but the asset-based lending market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than in 2022, the deals were larger in size.
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A Unique Journey to Secured Finance: Interview with Jacob Shoihet and Peter Spradling of Marco Capital
Apr 18, 2024
Marco's co-founders discuss their backgrounds, Marco's success to date and future goals.
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SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry
Apr 15, 2024
SFNet is proud to unveil our new program to celebrate excellence in the secured finance industry: the SFNet IMPACT Awards. Created to honor innovation and leadership, these awards will demonstrate the crucial role that our SFNet community of members play in putting capital to work.
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Wintrust Receivables Finance Announces Closing of $3M Line of Credit for Growing Third-Party Logistics Company
Apr 15, 2024
Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3,000,000 account receivable line of credit for a Southwest-based third-party logistics company. The company provides a diversified mix of transportation solutions including truckload, LTL, intermodal, and expedited. These services are provided to a number of middle market companies throughout the country.
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Citigroup’s Shapleigh Smith Retiring; Shane Azzara to Head Asset-Based and Transitional Finance
Apr 11, 2024
Shane Azzara is taking over as head of asset-based and transitional finance at Citigroup Inc., succeeding Shapleigh Smith who is retiring as of May 1.
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Asset-based lenders performed well overall in Q4, SFNet reports
Apr 10, 2024
Survey shows bank asset-based loan commitments down slightly, but rose for non-banks
The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.
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The Ins & Outs of DEI Fatigue
Apr 11, 2024
Since the DEI “field” is a potpourri of research, advocacy, political ideations,
and personal perspectives from multiple fields, it is difficult for people to know which sources of information to trust. One of the latest urgent fascinations that has captured our collective attention is “DEI Fatigue.”
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The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
Apr 8, 2024
Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow.
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Ally and Affinity Groups: Helping to Bring Our True Selves to Work
Industry ally and affinity group members and leaders share their stories and discuss how their organization’s groups began and their benefits.
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Tree Buckingham Joins nFusion Capital as EVP Head of Asset Based Lending
Apr 1, 2024
nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending. Buckingham is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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What’s Ahead in 2024 for Secured Financing & Working Capital
Mar 27, 2024
The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
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SFNet's Emerging Leaders Summit Heads to the West Coast
Mar 25, 2024
SFNet's Emerging Leaders Summit, a dynamic conference designed to unite professionals with 6-15 years of experience in secured lending, is heading to the West Coast for the first time since its inception in 2018. The event will provide an opportunity to glean insights from seasoned titans who have navigated the intricacies of the field. Attendees can expect to engage in thought-provoking panels where industry luminaries will offer a unique perspective on both the industry and effective leadership.
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Getzler Henrich Names Michael Osment Managing Director in Detroit Office
Mar 25, 2024
Michael Osment has joined Getzler Henrich & Associates LLC (
getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the Detroit office.