Evolution: Asset-Based Lending in Today's Changing Marketplace
By Michael E. Fishman
The commercial finance industry was once stigmatized as a collection of "lenders of last resort"-an option only to be considered when completely "unbankable". Times change, and asset-based lenders and their reputation have as well thanks, in large part, to the flexibility of ABL credit facilities and the expertise gained in financing specific types of transactions and borrowers from particular industries.

Asset Based Lending and the New Economy
By Barry D. Yelton
Even as asset based lending (ABL) has gained ever wider acceptance, there remains substantial lack of understanding about this particular lending discipline and about its various applications in today's economy. The following is a brief review of the structures and traditional utilization of ABL along with its primary current and likely future.

Asset Based Lending... In Good Times And In Bad Times
By Michael Coiley
A specialized lending area that has enjoyed loan growth during both good and bad times is Asset Based Lending. Commercial Lending is geared towards financing the small to medium sized clients that lack the cashflow or equity to obtain unsecured financing and are unable to access the Capital Markets.

ORIX Financial Structured Finance... The Story Of One Company's Transformation
By Steven Crain
The Monitor asked ORIX Financial Services' Steve Crain to give us a look behind the scenes at the OFS entry into the structured finance arena. Here he talks about the strategy, the opportunities and the challenges OFS has met along the way.

Turnaround Management: Primer for Leasing Companies
By Howard Brod Brownstein
When businesses get into unfamiliar waters, when outside forces threaten the profitability and even the existence of the company, it's time to call the turnaround manager. And it's traditionally the credit provider-that is, you, who is frequently the impetus behind the decision to get help for the company.

ABCP Market Shows True Colors
By Deborah R. Seife and Darryl J. Osojnak, Esq.
Despite the terrorist attacks that befell the U.S. on Sept. 11, the asset-backed commercial paper (ABCP) market persevered and exhibited only minor interruptions. In light of these events, Fitch reviewed ABCP programs rated by the firm to ensure their continued credit quality.

ABS In The Aftermath
By Kevin Duignan
In the six weeks since the Sept. 11 events, the asset-backed securities (ABS) market seems to have recovered its pace of new deal flow. The credit picture for several major assets, however, has become increasingly unclear.

The State Of Asset-Based Lending In 2001
By Walter Einhorn
Asset-Based Lending (ABL) revolutionary change commenced in the early 1990's. Then, the financial services industry was racked with changes, bank and S&L failures, government bailouts in addition to consolidation. And now, the bubble economy of the late nineties transitioned into a recession at the turn of the century.

The Tools We Use — Automation in the ABL Industry
By Don J. Olender
These days, companies in asset-based lending are all leveraging technology to further their competitive positions and create business advantages. This strategy supports the broad objectives of providing meaningful information and creating greater efficiencies.

Lease Marketing: Look For The Silver Lining
By Russell Hindin
The marketing prowess of leasing professionals is legendary. To survive and/or thrive they must uncover companies currently in need of capital equipment. While spending these marketing dollars, consider looking for other financing requirements the companies may have or need. You can often earn referral fees and at the same time ingratiate yourself to the lessee.

Factoring... A Sensible Solution In Today's Tight Credit Environment
By Marc J. Marin
Cash flow is a business's biggest need, and when it fails to flow, there is a simple and time proven method to liquidate receivables into ready cash. Factoring is a cash flow tool that can be used by a variety of businesses because of the ancillary services it provides and the internal resources it can free up.

Avoiding The Storm
By Hugh W. Connelly
We all have seen "strong" companies disappear. Although other factors play a role, ultimately the disappearance can be traced to a lack of liquidity. Liquidity is the life-blood that keeps a finance company alive.

U.S. Commercial Finance and Leasing Company — Fitch's 2001 Review
By Philip S. Walker and John S. Olert
Fitch's Rating Outlook for the U.S. commercial finance and leasing company sector remains Negative. Over the immediate term the general economic conditions in the Unite State are likely to continue to place downward pressure on ratings.