The Emergence of Financial Documents in E-Commerce

Spurred by the rapid growth of e-commerce and online lending, e-signatures and e-documents are becoming an essential part of business. However, both terms remain loosely defined in a legal sense. Paul Shur examines the regulations and case law that govern their use.

Building Community One Bottle at a Time: Live Oak Bank Guides a Craft Brewer from Home to Market

Liz and Curtis Chism began by making beer in their kitchen with a brewing kit. Today, they own Council Brewing, a popular San Diego destination for craft beer lovers. As the Chisms honed their brewing skills, they also gained the financial expertise to turn their hobby into a thriving business. Live Oak Bank provided both financing and business acumen to help them make the transition.

Taking the Road Less Traveled: An Experienced Lender Choreographs a Borrower’s Turnaround

When a distressed company approaches a lender for financing, it usually comes down to a black-and-white decision: Will the company be able to repay the loan or not? In most cases, the lender doesn’t become involved in the turnaround of a borrower. But Robert Miller relates a more nuanced story, showing how a lender can take the road less traveled and provide more than financing to restore a failing company.

Keeping it Under Control: Robert Radway and NXT Capital Keep a Tight Rein on the Finance Business

Robert Radway worked for some of the largest companies in the commercial finance business includ-ing The Finova Group and Heller Financial. He founded Merrill Lynch Capital only to see it sold off to GE Capital after the mortgage crisis hit. Determined to take a different path, he built a team of co-workers from his past employers and started NXT Capital, a small company with a large vision that he could more easily control.

Paying the Piper: Acquiring Digital Technology Without Breaking the Bank

As every sector contends with tech-enabled disruption, Mark Solovy discusses the three strategies — buy, build or sell to private equity — that companies can use to acquire new technology at a reasonable cost.

Innovative Financing: From Mellon & Sons to Alternative Lenders’ Impact on ABL Today

In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.

Financing Government Receivables: State Governments Subject to Notification Like Other Account Debtors

Assigning payment rights is a basic concept that enables borrowers to obtain working capital. However, matters can be more complex when working with government departments. Jeffrey Wurst explains a recent decision in a Florida appellate court that requires state government departments to make payments when the debt has been reassigned to a factor if proper procedures have been followed.

Following the Two-Second Rule: Building a Brand in the Finance Business

Brands like Cheerios, Toyota and Coca Cola have become ubiquitous. Once confined to radio, television and print publication ads, they now follow us as we surf the internet, peer out from the margins of our Facebook pages and insinuate themselves into our Twitter feeds. Charlie Perer argues that small lenders need to establish their own brands to compete with the industry giants. A strong brand can set a lender apart from the pack and establish an identity that will resonate with borrowers.

The Communication Protocol: An Important Component of a Business Turnaround

The initial stages of a turnaround can be chaotic for both the consultant and the stakeholders. Establishing a communications protocol at the start of the engagement can create an orderly process that keeps everyone updated in a timely fashion. Patrick Walsh provides a protocol and explains how management, lenders and the consultant will benefit from using it.

Top Priorities for Wells Fargo’s New Head of Capital Finance — Customer Service and Team Building

In May, David Marks was named head of Wells Fargo Capital Finance, which joined the newly-formed Wells Fargo Commercial Capital group in January. In his new position at WFCF, Marks completes a full circle after a 30-year career at the bank, which began by doing workouts in the oil and gas industry. Marks reminisces about his career and shares his vision for the future with ABF Journal editor Nadine Bonner.