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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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February 26, 2024
Source: Haversine Funding
Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
• $2.5 million participation in a senior line of credit, lender finance loan for a transportation factoring firm.
• $1.5 million factoring participation to support a seafood distribution company.
• $1.5 million asset based lending loan participation directed towards a staffing firm, enhancing its capability to fulfill growing customer demand.
• $1.5 million asset based lending loan participation that reinforces a healthcare IT staffing and consulting firm, fostering its expansion and continued innovation.
• $4.0 million factoring transaction to a growing construction firm who received new, larger jobs for the coming year.
These participations are illustrative of the tailored and responsive lender finance products that Haversine provides factors and lenders across the United States. Haversine’s participation funding, alongside their senior and junior lines of credit, has played a pivotal role in addressing the capital requirements of lenders plagued with concentration risks and market volatility.
About Haversine Funding
Headquartered in Dallas, Texas, Haversine Management and its subsidiaries are dedicated to delivering fast, flexible, and fair funding solutions to commercial lenders. Since its inception in 2018, Haversine has become a significant ally to factors and asset-based lenders requiring specialty finance funding options. Haversine fills funding gaps by offering senior and junior lender finance lines of credit up to $25 million, as well as participation funding programs. Its 2022 launch of Lead Line, a lead generation and referral platform, and the 2023 release of the ‘OnDeck with Haversine’ podcast further exemplify its innovative approach to servicing the industry’s diverse needs. Whether a specialty finance company looking for capital, a private equity sponsor or private company looking to be connected to the ideal lender, or an investor seeking attractive and uncorrelated risk-adjusted returns, please visit www.haversinefunding.com to learn more.
• $2.5 million participation in a senior line of credit, lender finance loan for a transportation factoring firm.
• $1.5 million factoring participation to support a seafood distribution company.
• $1.5 million asset based lending loan participation directed towards a staffing firm, enhancing its capability to fulfill growing customer demand.
• $1.5 million asset based lending loan participation that reinforces a healthcare IT staffing and consulting firm, fostering its expansion and continued innovation.
• $4.0 million factoring transaction to a growing construction firm who received new, larger jobs for the coming year.
These participations are illustrative of the tailored and responsive lender finance products that Haversine provides factors and lenders across the United States. Haversine’s participation funding, alongside their senior and junior lines of credit, has played a pivotal role in addressing the capital requirements of lenders plagued with concentration risks and market volatility.
About Haversine Funding
Headquartered in Dallas, Texas, Haversine Management and its subsidiaries are dedicated to delivering fast, flexible, and fair funding solutions to commercial lenders. Since its inception in 2018, Haversine has become a significant ally to factors and asset-based lenders requiring specialty finance funding options. Haversine fills funding gaps by offering senior and junior lender finance lines of credit up to $25 million, as well as participation funding programs. Its 2022 launch of Lead Line, a lead generation and referral platform, and the 2023 release of the ‘OnDeck with Haversine’ podcast further exemplify its innovative approach to servicing the industry’s diverse needs. Whether a specialty finance company looking for capital, a private equity sponsor or private company looking to be connected to the ideal lender, or an investor seeking attractive and uncorrelated risk-adjusted returns, please visit www.haversinefunding.com to learn more.
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