ABF Journal

Private credit lenders with a deep portfolio will inevitably have proverbial problem children — businesses with financial difficulties that cause a lender to have no other option but to assume ownership of the company. In such an instance, how should a lender think about next steps? Much like with a parent’s impact on a child, a lender’s actions will define the future of the business that a tapped-out sponsor foisted upon it. There are a series of questions, analyses and tasks that must accompany the likely unwanted ownership of the borrower by a lender, as well as a variety of pitfalls that can beset a lender once it has been forced to take ownership. The following piece will cover the lifespan of a lender-owned business with strategies for minimizing ongoing risk and maximizing value going forward. Read more: https://lnkd.in/eg-CBacE Jay C. Jacquin | Configure Partners #abfjournal #specialty #finance #news #playbook #lender #private #credit

Congratulations to Siena Lending Group LLC for being recognized as a 2024 ABF Journal Best Company In Specialty Finance! Siena Lending Group, an asset- based lending company based out of Stamford, CT, takes an innovative approach to a seemingly simple organizational mandate: to tailor unique financing solutions to complex challenges. With more than $2.75 billion committed over its more than 12 years in business, Siena is living up to its aspirations, and its ability to innovate is fundamental to driving its success. Explore the 2024 ABF Journal Best Companies In Specialty Finance Flipbook & Digital Edition Now: https://lnkd.in/gZS_wc4Y #abfjournal #best #companies #specialty #finance #congrats #explore

For secured lenders that provide financing to distributors, restaurants, grocery stores and other businesses that purchase fresh fruits and vegetables, understanding the intricacies of the Perishable Agricultural Commodities Act is critical to maintaining senior priority. Read more: https://lnkd.in/eabhpYDb Anthony Cianciotti Mark Duedall Baker Donelson #abfjournal #top #stories #news #specialty #finance #agriculture #loan

Congratulations to Republic Business Credit for being recognized as a 2024 ABF Journal Best Company In Specialty Finance! Promoting strong leadership is a shared mission across Republic Business Credit (RBC), a commercial finance company supporting the working capital requirements of companies across the United States. As a wholly owned subsidiary of Renasant Bank, the RBC team has “no shortage of incredible leadership examples throughout our organization,” Stewart Chesters, CEO of the company, says. “We are grateful for this partnership because both companies came to the table with a similar ethos that made this merger so successful.” Explore the 2024 ABF Journal Best Companies In Specialty Finance Flipbook & Digital Edition Now: https://lnkd.in/gZS_wc4Y #abfjournal #best #companies #specialty #finance #congrats #explore

With interest rates showing no signs of decreasing, Pierre Buhler and Rajeev Aggarwal argue that bank executives must drastically reduce costs. To find a leaner way to operate, they suggest asking three key questions. As the election nears, the debate over interest rates has become more about politics than policy. However, basic economics tells a simpler story: when inflation remains stubbornly high, interest rates need to be increased further. Read more: https://lnkd.in/esVdEfAw SSA & Company #abfjournal #web #exclusive #specialty #finance #interest #rates #cutting

Congratulations to InterNex Capital for being recognized as a 2024 ABF Journal Best Company In Specialty Finance! InterNex Capital, a digital and direct lender that provides innovative and flexible working capital financing to lower middle-market businesses, might be a smaller organization in terms of staff size, but it is making a major impact on the specialty finance world, both in terms of its efficient financing solutions as well as its dedication to diversity, equity and inclusion. One of the primary catalysts for InterNex’s success on the DE&I front in particular is its organizational belief in transparent dialogue across its entire workforce. Explore the 2024 ABF Journal Best Companies In Specialty Finance Flipbook & Digital Edition Now: https://lnkd.in/gZS_wc4Y #abfjournal #best #companies #specialty #finance #congrats #explore

The “higher-for-longer” interest rate scenario is persisting in the U.S. as monetary policy remains restrictive. In addition, Congress continues to spend and authorize additional domestic infrastructure, foreign military spending and other geopolitical aid packages, while global strife continues in Ukraine and the Middle East. Amidst these factors, the global economy is expected to decelerate this year, growing at just a 3.1% rate, lagging behind the two-decade average of 3.8% from 2000 to 2019. As wars rage on and growth slows across the world, markets remain sensitive, making it a challenging time to allocate capital. Read more: https://lnkd.in/eHWzk4qt Maggie A. | Turning Rock Partners #monitor #top #story #equipment #finance #news #rising #market #credit

Congratulations to Haversine Funding for being recognized as a 2024 ABF Journal Best Company In Specialty Finance! Haversine Funding uses its team’s industry expertise along with rigorous market research and feedback from clients to address unmet needs in specialty finance. By using this approach, the firm is able to develop unique financial services for its commercial lenders. Haversine Funding provides solutions that are both innovative and adaptive to the challenges faced by its lender clients, setting it apart from other lender finance firms as a unique and productive provider in the specialty finance industry. Explore the 2024 ABF Journal Best Companies In Specialty Finance Flipbook & Digital Edition Now: https://lnkd.in/gZS_wc4Y #abfjournal #best #companies #specialty #finance #congrats #explore

Much has changed in the years since the world began to slowly emerge from the height of the COVID-19 pandemic back in 2021 and 2022. During this emergence, many businesses faced unexpected supply chain troubles that added a layer to their financing challenges. However, funding from government programs offered short-term assistance for many companies and, as a result, banks continued to support clients who may not have deserved such support. At that time, bank asset-based lenders were offering deals with aggressive structures, including some that simply were not prudent for alternative lenders to try to match. Against this backdrop, maintaining structure was paramount and pricing became much less important. Read more: https://lnkd.in/e-vdbPCj Paul Schuldiner | Rosenthal & Rosenthal, Inc. #abfjournal #specialty #finance #top #story #news #exit #rehabilitation

Congratulations to Gordon Brothers for being recognized as a 2024 ABF Journal Best Company In Specialty Finance! Today, Gordon Brothers integrated solutions across asset services, lending, financing and trading give clients the insights, strategies and time to optimize asset values throughout the business cycle. The firm works across the full spectrum of assets globally with deep expertise in retail, commercial, industrial, brands and real estate and supports the underwriting for billions of dollars in loans made annually. Explore the 2024 ABF Journal Best Companies In Specialty Finance Flipbook & Digital Edition Now: https://lnkd.in/gZS_wc4Y #abfjournal #best #companies #specialty #finance #congrats #explore