TSL Feature Articles
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Asset-based lending, or asset-backed lending? What is the difference, and why does it matter?
Jun 25, 2025The secured finance industry already knows the distinction between these two lending strategies. But these terms are often used interchangeably in public commentary, pitch materials, and industry conferences. If you are a capital allocator trying to capture the strengths of asset-based lending, or a regulator trying to understand what should be considered an asset-backed strategy, you have your work cut out for you. -
The Transformative Power of Servant Leadership in Modern Business
Discover how servant leadership is reshaping today’s business world. This article explores the core principles behind this transformative approach, shares real-world examples from top companies, and reveals why prioritizing the growth and well-being of your team can unlock extraordinary results. -
Where Are They Now? Catching up with Previous SFNet 40 Under 40 Award Winners
SFNet 40 Under 40 Award recipients share how the Award affected their careers and advice for the Class of 2025.
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5 YEARS LATER: Remote Work’s Enduring Impact on the Secured Finance Industry
Jun 9, 2025Five years after the COVID-19 lockdowns sparked a widespread shift to remote work, the secured finance industry is still exploring what “normal” looks like. In this in-depth article, leaders from across the sector share candid insights on productivity, culture, hiring, training, and communication in a post-pandemic world. From hybrid skeptics to fully remote advocates, their stories reveal the complexity—and opportunity—of evolving workplace models. -
SFNet Chapter Events Roundup
May 29, 2025SFNet has 18 local Chapters, offering the opportunity to connect you to the pulse of SFNet’s active communities across the country. While SFNet’s national conferences drive industry-wide dialogue, Chapter events let you dive into regional interests and challenges, providing opportunities to engage with peers who understand your market and build relationships that fuel growth.
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Forging the Future of Secured Finance: Highlights from SFNet’s 8th Emerging Leaders Summit
May 29, 2025SFNet's Emerging Leaders Summit was held in Boston, MA for the first time, April 30-May 1 and drew more than 150 attendees. The Summit, now in its 8th year, is a dynamic conference designed to unite professionals with 6-15 years of experience in secured finance, providing an unparalleled opportunity to gain insights from titans who have navigated the intricacies of the field. Attendees engaged in thought-provoking panels where industry luminaries offered a unique perspective on both the industry and effective leadership.
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Addressing Legal Challenges in Utilizing AI
May 27, 2025Since its 2022 release, ChatGPT has revolutionized industries, but its integration into legal and business operations raises critical concerns. This article explores pressing AI legal issues, such as compliance with evolving laws, data protection, and the consequences of AI errors in real-world applications. Understanding these concerns is essential for businesses to navigate AI adoption successfully.
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Inspiring the Next Generation: How the Secured Finance Foundation’s Guest Lecture Program and Martin I. Katz Scholarship Are Shaping Future Secured Finance Leaders
May 22, 2025Launched in 2019, SFFound’s Guest Lecture Program aims to educate and inspire young, diverse talent in the secured finance industry by introducing students to asset-based lending (ABL), factoring, and other secured lending disciplines.
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An Interview with Robert Love, Group Director of ABL at Flagstar Bank
May 16, 2025In this installment of our series of executive interviews, Charlie Perer sits with Bob Love, Asset-Based Lending (ABL) Group Director for Flagstar Bank, to hear his views about his new role at Flagstar Bank, bank vs. non-bank competition, the future of ABL, executive development and competition, among other things. -
Appraisers Assess the Impact of Tariffs, Economic Worry on Valuations
May 13, 2025The recent surge in U.S. tariffs and retaliatory measures from trading partners is reshaping the global economic landscape, leaving businesses and secured lenders grappling with uncertainty. From rising costs to shifting valuations, this article dives deep into the challenges posed by these sweeping changes
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Preparing for Tariff Impacts: Insights for Secured Lenders on Managing Customs Bond Challenges
May 1, 2025The global trade environment is facing a seismic shift with the imposition of new tariffs on imports from China, Mexico, and Canada—with reciprocal tariffs likely to follow. Historically, duty-free trade agreements under USMCA helped U.S. businesses optimize their supply chains. However, as of the reference point date of March 4, 2025 (tariffs are changing frequently), the United States has imposed tariffs that fluctuate frequently and could likely change at the time of article publication.
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Economic Outlook
Apr 14, 2025The announcement of new tariffs by President Trump marks the beginning of a critical and uncertain phase for the U.S. economy. While the full impact is still unfolding, early signs point to a significant economic slowdown, rising prices, and heightened inflation. -
Stronger Than Ever: Women, Work and the Power of Resilience
Mar 11, 2025Featuring insights from PNC’s Eileen Kowalski, Newpoint Advisors’ Carin Sorvik, Hilco’s Ervisa Ismailaj, and KPMG’s Andrea Beirne, this article delves into gender dynamics, and the hurdles women face in male-dominated sectors. Discover how these leaders have thrived and their perspectives on the progress—and remaining gaps—in achieving gender parity. -
The Role of Emotional Intelligence in Leadership:
Mar 7, 2025Learn from inspiring women executives who prove that empathy, active listening, and relationship-building aren’t just soft skills—they’re powerful strategies for business success, driving profitability, retention, and meaningful connections.
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Cannabis Lending: Are You Ready to Fire It Up?
Feb 18, 2025When Federal and State laws collide, doing business is complicated and fraught. In this article, Riemer and Braunstein LLP commercial finance attorneys Lon M. Singer and Lyle P. Stein explore the background, evolution, and emerging landscape applicable to financing industry – with practical guidance for the cannabis1 both the lending and legal communities.
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Is Your ABL Collateral Covered? Why Action and Close Monitoring Are More Critical Now Than Ever Before
Feb 10, 2025As the market grapples with increased restructurings and rising bankruptcy costs, asset-based lenders face significant risks if they fail to understand the true position of their collateral within a timely manner. Across industries, asset values are declining rapidly. This necessitates more active and frequent collateral and borrowing-base monitoring. This article explores the challenges and evolving trends across asset classes and the implications for asset-based lenders.
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Interview with Otterbourg Attorneys: Over 100 Years of Providing Legal Expertise to the Secured Finance Industry
Feb 5, 2025TSL’s editor-in-chief sat down with Otterbourg attorneys Allen Cremer, Dan Fiorillo, Pauline McTernan and Lena Surilov, to discuss the firm’s secret to success over the past 100 years, what lenders should look out for in 2025 and possible implications of the election. Based in New York City, Otterbourg represents financial institutions (including banks, asset-based lenders, hedge funds, finance companies and insurance companies) and corporations and other business enterprises.
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Wingspire Capital Continues to Soar After Five Years With Diversified Solutions and a Long-Term View
Feb 3, 2025The Secured Lender’s editor-in-chief sat down with David Wisen, founder & CEO of Wingspire Capital, to discuss Wingspire’s evolution and keys to success as well as his outlook for the future. -
Celebrating the Achievements of SFNet Chapters
Dec 17, 2024The Secured Finance Network’s 20 Chapters are comprised of professionals with great insight and experience. From golf outings to educational events, several Chapters shared their highlights from the past year.
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Part 2 -Taking Security in Cross-Border Lending: (How Do You Know) the Steps to Take or Whose Law Is It Anyway?
Dec 2, 2024David Morse of Otterbourg P.C. explores the key relevant rights of the Secured Lender and “Third-Party Effectiveness”, what happens if the obligor on the receivable is located outside
of the United States?, Rome I Regulation and more. Part 1 of this article appeared in the September/October issue of The Secured Lender.
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The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
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PNC Bank Provides Financing to Receipt & Labeling Solutions Provider
May 30, 2019
PNC Bank, National Association, announced the closing of a $90 million senior secured credit facility for Iconex LLC (Iconex), a portfolio company of Greenwich, CT-based Atlas Holdings. PNC’s facility was provided in conjunction with a $67.5 million term loan and a $30 million delayed draw term loan provided by Cerberus Business Finance.
Click on the link below to meet some of the “difference makers” in the secured finance community. This issue of The Secured Lender celebrates those who are having a profound impact on both their communities and their organizations.
Previous TSL Articles
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The Power of Inclusiveness in Secured Finance
Jun 30, 2025Inclusiveness is not just a buzzword; it’s a transformative force that has shaped my career in secured finance and asset-based lending. Over the years, I’ve witnessed firsthand how an inclusive environment fosters innovation, collaboration, and ultimately, success. -
Leading with Agility: Niamh Kristufek on Her Role at First Business Bank
Jun 11, 2025Niamh Kristufek discusses her role as President - Specialty Finance of First Business Bank as well as challenges the industry is facing, including tariff, economic uncertainty and building client relationships at a specialized bank. -
AI in Secured Finance: From Hype to Hard Results
Jun 5, 2025Artificial intelligence (AI) is everywhere in today’s conversations about secured finance - and for good reason. But talk is one thing. The real question is: how do we move beyond the hype and into something that actually works? -
Inside Trade Finance: A Deep Dive with TradeCap’s Bryan Ballowe
Jun 2, 2025In this installment of our series of executive interviews, Charlie Perer sits with Bryan Ballowe, Managing Partner of TradeCap Partners, to hear insights about today’s trade finance/in-transit inventory market and his views on the tariffs, among other things.
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Private Credit’s Ascent: How Nonbank Lenders Are Redefining Secured Finance
Jun 2, 2025
(Editor’s Note: This article was created with assistance from ChatGPT)
In the evolving world of corporate finance, private credit has emerged as a formidable force, challenging traditional banking paradigms. Once a niche segment, it has burgeoned into a $1.5 trillion market as of early 2024, with projections estimating growth to $2.6 trillion by 2029. This surge is not merely a quantitative shift, but signifies a qualitative transformation in how businesses access capital.
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SFNet ILC Conference Highlights Restructuring Corner: What Happens When Trouble Hits?
May 29, 2025The following is an overview of the Restructuring Corner: What Happens When Trouble Hits? Panel held May 13 during SFNet’s International Lending Conference in London.
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SFNet ILC Conference Highlight: Lending on Inventory to a Cross-Border Business
May 20, 2025
The following is an overview of the Lending on Inventory to Cross-Border Business, held May 13 during SFNet’s International Lending Conference in London. David Morse, partner, Otterbourg P.C. moderated. Panelists included: John Boxall, Managing Director, Hilco Valuation Services Europe; Christopher M. Chubb, Partner, Mayer Brown International LLP; Elena Egorova, Head of Operations, DRUM Advisory; and Frank Husken, Managing Director, Finterface.
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SFNet WISF Conference Speaker, Suzy Welch, on Authentic Leadership, Career Clarity, and the Power of Values
May 7, 2025Suzy Welch will be a featured speaker at SFNet’s Women in Secured Finance Conference, held June 11-12 in New York City. She is an award-winning NYU Stern School of Business professor, acclaimed management researcher, and New York Times best-selling author, most recently with “Becoming You: A Proven Method for Crafting Your Authentic Life and Career,” which is also a #1 bestseller on Amazon. -
Middle Market Lending in 2025: Adjustment Amid Uncertainty
May 6, 2025According to LSEG LPC’s Middle Market Syndicated Stats, 2024 closed strong:
- Total syndicated middle market loan volume reached $159.6 billion, a 32% YoY increase.
- New money issuance totaled $78.8 billion, with refinancings at $80.8 billion.
- Institutional middle market volume hit $24 billion, more than doubling YoY.
- Covenant-lite issuance rose by 117%, reaching $3.5 billion. -
Navigating Change: A Preview of SFNet’s 2025 International Lending Conference with Alister Bazaz
Apr 29, 2025SFNet's International Lending Conference, held in London on May 12-13, 2025, is attended by a dynamic community of global lenders, innovators, and dealmakers in the heart of London. We sat down with the chair of the International Lending Conference Planning Committee, Alister Bazaz, head of International Asset Based Lending & Asset Based Digital Innovation at Bank of America, to discuss the planning process and the event.
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The Secured Lender
SFNet's 40 Under 40 Awrds Issue