Home > Article List

Articles

Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.

  • Juanita Schwartzkopf - Headshot150x150 Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act: PPP Loans Round 2

    The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act was signed into law. While the implementing regulations are not required to be issued by the SBA until January 6, 2021, the Act does provide insight into the new and revised programs.

    The purpose of this article is to provide an overview of the Act to allow borrowers and lenders to take advantage of potential liquidity enhancements. 

  • White Oak Commercial Finance’s Healthy Housewares Client Continues to Cook

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC is pleased to acknowledge the success of its valued client, StoreBound, a developer and distributor of housewares designed for healthy living. The fast-growing company has been with White Oak since 2015 and recently signed an investment agreement with multinational domestic equipment conglomerate, Groupe SEB, which aims to reinforce its presence in the US housewares market.

    Headquartered in New York, StoreBound was recognized on INC’s List of Fastest Growing Businesses for four consecutive years and made Entrepreneur’s 360 List in 2019. 
  • Fortegra Financial Corporation Announces $200 Million Senior Secured Credit Facility with Fifth Third Bank, N.A.
    Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (“Tiptree”), announced today that it closed on a $200 million Senior Secured Credit Facility from a syndicate of banks led by Fifth Third Bank, N.A. The entire amount is immediately available for letters of credit, with any remaining portion of the facility available for working capital.
  • JenniferPalmer_TSLSpreadPhoto Interview with Jennifer Palmer

    In January, Gerber Finance announced the completion of its CEO succession strategy, naming longtime president Jennifer Palmer as CEO with Founder Gerald Joseph transitioning to his new role as strategic advisor and chairman of the board.

  • HuntingfordArt Trade Finance Insights: Financing Trade Receivables Beyond ABL or Factoring

    A Demica senior director explains how trade receivable securitization programs can be used as a valuable alternative to other funding solutions, especially in cross-border or challenging credit environments.

     

  • UK Law: What should Secured Lenders be Doing now to Prepare for the New Moratorium?

    Richard Hawkins, Georgia Quenby and John Alderton provide an overview of the potential impacts of the New Moratorium and consider actions that Secured Lenders may wish to consider in preparation.

    (Editor’s Note: SFNet will be hosting a Webinar on UK Insolvency Reform: What Secured Lenders Need to Know, which will include the authors and other experts on June 10 at 11 AM ET.)

  • Citizens Leads $125 Million Credit Facility for Franchise Group, Inc.

    Citizens announced today that it is lead left arranger of a $125 million asset-based loan for Virginia Beach, VA-based Franchise Group, Inc. (Nasdaq: FRG).

    Franchise Group is an operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders.  This transaction refinances an existing ABL for two of its businesses – American Freight and Buddy’s Home Furnishings.

  • Gen Merritt Parikh-Headshot_150 Anatomy of a Deal: Participations
    At Haversine Funding, we take pride in offering unique and flexible alternatives to our clients.  The adaptability built into our DNA allows us to provide senior and junior lines of credit - exclusively to factors and lenders - ensuring we don’t compete with our clients.

  • Charlie Perer Software as a Service (“SaaS”) Lending is Going to Become Mainstream
    It’s only a matter of time before SaaS lending enters mainstream ABL.  Lending to SaaS, which stands for Software as a Service, differs from traditional software in that it is deployed and made accessible to users over the internet (or in the “Cloud”), and is going to be the next ABL battleground.  Today it remains a niche lending vertical conducted mostly by tech-focused banks and nonbank credit funds.  However, this is going to change meaningfully as the SaaS industry continues to mature. There are an estimated 10,000 private SaaS companies, the vast majority of which are early stage, generating less than $3 million in annual revenue.  To put this in perspective, companies such as the wildly popular Zoom and workforce tool Slack utilize SaaS models.  The U.S. economy is well into a transformational period where many business tools are moving to the cloud.
  • Castlelake Partners with Aequum Capital to Establish Specialty Lending Platform
    Castlelake, L.P. ("Castlelake"), a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, and Aequum Capital Founder, LLC ("Aequum"), a tech-enabled specialty finance lender, today announced a partnership establishing a new commercial lending platform for the origination and servicing of efficient senior asset-backed loans to small and medium-sized businesses in the U.S.
  • Canada’s Anthem Entertainment Ups Spending Power by $550 Million with New Credit Facility

    The acquisitive Canadian music rights and services company – formerly known as Olé Entertainment – has announced that it has secured a new revolving credit facility of USD $400 million, plus a USD $150 million accordion. 

    Truist Securities served as Left Lead Arranger of Anthem Entertainment’s new $400 million credit facility. Fifth Third Bank acted as Joint Lead Arranger, Union Bank acted as Syndication Agent and Regions Bank acted as Documentation Agent.

    Other banks in the facility include Bank of America, Bank Hapoalim, CIT Bank, First Horizon Bank, HSBC Bank, Pacific Premier Bank, Pinnacle Bank and Scotiabank.

  • White Oak Commercial Finance Delivers $8MM Credit Facility to Global Automotive Supplier

    White Oak Commercial Finance LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.

  • Gordon Brothers Provides Moda Operandi with $13M Term Loan to Support Company Sale

    Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with the investment banking firm Consensus to provide a $13 million term loan to Moda Operandi to support the sale of its business.

    “The Gordon Brothers team was remarkable to work with,” said Stephanie Roberts, Interim Chief Financial Officer at Moda Operandi. “This was one of the best executed financings I’ve been through as they kept the process simple, straightforward and executed exactly what they said they would from the beginning.”

  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Scott_Baldinelli_-_Santander_Bank_Commercial_Banking_Division Santander Names Scott Baldinelli as Head of New England Middle Market Banking

    Santander Bank, N.A. (“Santander Bank” or “Santander”) today announced the appointment of Scott Baldinelli as Head of New England Middle Market Banking. Baldinelli will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank.

    Baldinelli will lead business development, market growth and relationship management for Commercial Banking’s middle market segment in New England, encompassing the company’s Boston-based location. The industry veteran will assume the role from Robert Cerminaro, who was recently promoted to Head of Mid-Corporate Banking in Santander’s Commercial Banking division.

  • sonnenberg_heather-150 Interview with Heather Sonnenberg, Partner, Blank Rome
    WISF Committee member Heather Sonnenberg concentrates her practice in commercial finance, with a particular focus on asset-based and cash-flow financing for various industry sectors, including manufacturing, healthcare, and other service industries. She serves a wide range of clients, including banks, commercial finance companies, mezzanine lenders, and other institutional lenders, along with private equity firms, hedge funds, and publicly and privately held corporations. 
  • Secured Finance Foundation – Where We Were and Where We’re Going

    The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..

  • Heritage Bank of Commerce Builds Out National Specialty Finance Group
    Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate Finance team and regional Small Business Administration (“SBA”) lending team in the San Francisco Bay Area. 
  • eCapital Corp. Names Charles Sheppard as Chief Operating Officer
    eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced that Charles Sheppard, formerly president of the eCapital Freight Factoring Division, has been named Chief Operating Officer (COO) of eCapital Corp. In this new role, Charles will oversee both the eCapital Freight Factoring and eCapital Commercial Finance divisions, ensuring the company has unified leadership and is well-equipped to continue to scale and further establish itself as a leader in alternative finance.
  • Ares Commercial Finance Provides an $11 Million Credit Facility to NHI Mechanical Motion, LLC
    Ares Commercial Finance announced that it has provided an $11.2 million senior secured credit facility to NHI Mechanical Motion, LLC comprised of a revolving line of credit, a real estate term loan and a term loan secured by machinery and equipment. Proceeds from the financing were used to support the acquisition of the business and for ongoing working capital support.

Professional Development Courses 

  • Live online classes for ABL and Factoring professionals
  • On Demand classes in Appraisals, Factoring, Legal, Workout & Bankruptcy
Learn More



ABCC-SiteBannerk-250-575