Articles
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Edward King of King Trade Capital discusses “what’s old is new in trade finance.”
Aug 9, 2013With the current hyper-competitive environment of the finance industry, it seems to me that lenders have begun marketing that they provide almost…
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Bigger Is Better When It Comes To Banking – Part III
Aug 5, 2013Last week SFNet's blog featured Chairman & CEO Mark Sunshine of Veritas Financial Partners. Here is Part I of Sunshine’s…
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Bigger Is Better When It Comes To Banking – Part II
Jul 22, 2013Last week SFNet's blog featured Chairman & CEO Mark Sunshine of Veritas Financial Partners. Here is Part I of Sunshine’s…
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Bigger is Better When It Comes To Banking According to FDIC Data
Jul 16, 2013FDIC clearly shows that when it comes to bank financial performance, size matters, and it matters a lot. For twelve…
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Jennie Kim of Great American Group discusses how being a woman makes a difference when building relationships within the financial services industry.
Jul 1, 2013The financial services industry is an interesting one. There are many different layers and sectors that fall into this field.…
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Alternative Financing Solutions for Bank Special Assets Group Clients
Jun 11, 2013There have been some signs and indicators recently that the economy may finally be turning the corner.…
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Loan Broker Compensation – Ethical And Legal Considerations
May 31, 2013Broker compensation is a hot topic for those in the financial services industry. Over the past few months, I’ve personally…
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Factoring is not a Four Letter Word
May 23, 2013It has been widely reported that P&G has extended payment terms with its suppliers. Extending payment terms will free up…
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Joe Accardi and Tony Cortese of Sovereign/Santander discuss maximizing employee output.
May 13, 2013Many believe that with so many headcount reductions over the last few years, productivity per employee has now peaked. Generally,…
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It’s People that Make the Difference
Apr 29, 2013Keeping and retaining excellent personnel is hard to do, whether you are a professional services firm, a lender, retailer or manufacturer.
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Robyn Barrett, founder and managing member, FSW Funding, Discusses “The Profitability of a Lender”.
Apr 19, 2013In his book Good to Great Jim Collins states, “There aren’t actually all that many companies that make it to…
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Mike Sweeney of EverBank Commercial Finance Inc. discusses the Affordable Healthcare Act.
Apr 11, 2013
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COVID-19 is popularizing asset-based lending. Here’s why.
Edward Gately of MUFG discusses the reasons for ABLs rise in popularity as a result of the pandemic. -
Don’t hate the player, hate the game! The ABL game has changed.
There have been many changes to the middle-market ABL industry over the past decade, but none more seminal than the dramatic shift in underwriting methodology to include enterprise value. But what about the assets? Liquidating middle-market businesses with at least ABL net funds employed of $10+ million, and majority much higher, can be a difficult task. Specifically, when dealing with heavy-inventory situations as well as loans against non-working capital assets, such as M&E, RE and IP. It constrains internal resources, has serious risk of not returning capital and is not the preferred path to go vs. running a sale process. ABLs understand the risks and have had to adjust underwriting to factor in enterprise value as part of determining whether to get aggressive or even propose. -
Gannett Refinances $1B in Debt From Merger in Cost-saving Move, Arranged by Citigroup Global Markets
Gannett, owner of USA TODAY and more than 260 other publications, said Monday that it has refinanced about $1 billion in debt in a move that will lower the company’s interest payments and save tens of millions of dollars a year.
The new $1 billion loan, arranged by Citigroup Global Markets, will mature in February 2026, the company said, replacing debt that was due in November 2024. The deal is scheduled to close early next week.
The move refinances more than half the loan that bankrolled the merger of GateHouse Media parent New Media Investment Group and the company previously known as Gannett in November 2019. The combined company took the name Gannett.
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Review and Forecast with Joseph Nemia, Executive Vice President - Head of Asset Based Lending at TD Bank
Joseph Nemia looks back at 2019 and discusses what the secured finance industry can expect to see in 2020.
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Results of SFNet’s Groundbreaking DEI Survey
SFNet’s DEI Committee, in conjunction with Rutgers University and underwritten by the Secured Finance Foundation and Wells Fargo, released the results of the first-ever DEI Survey, which provides a comprehensive perspective on the current state of diversity, equity and inclusiveness among SFNet member companies. -
Great Rock Capital Expands Management Team, Adds Chief Risk Officer
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Kathleen Auda has joined the firm as Chief Risk Officer. Auda will be responsible for overseeing both the underwriting and portfolio management teams and will report to Stuart Armstrong, CEO and CIO.
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Amerisource Closes $17,000,000 Credit Facility for Industrial Sand and Construction Aggregate Firm
Amerisource Business Capital announced the closing and funding of a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm. The proceeds were used to continue the expansion of their business lines and support their ongoing working capital needs.
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Nassau Financial Group Forms Nassau Global Credit
Nassau Financial Group, L.P. (“Nassau”) today announced the formation of Nassau Global Credit (“NGC”), which combines Angel Island Capital Management (“AIC”) and Nassau Corporate Credit (“NCC”). NGC will be a subsidiary of Nassau’s asset management segment, Nassau Asset Management, and will be led by Alexander Dias as Chief Executive Officer and Jonathan Insull as Chief Investment Officer.
The Secured Lender
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