Commercial Finance Vet Joins Porter Capital as SVP

Porter Capital announced that Steven R. Bellah joined the company as senior vice president and national sales manager. The 20-plus year commercial finance veteran has held various executive positions with Wells Fargo and GE Capital, among others.

EverBank Hires Foster as Business Development Manager

EverBank Commercial Finance announced it added Mike Foster to its Healthcare platform as business development manager. Previously, Foster has worked for Marlin Business Services and LNB Commercial Capital.

Wurst Named College of Commercial Finance Lawyers Fellow

Law firm Ruskin Moscou Faltischek said Jeffrey Wurst, shareholder and chair of its Financial Services Banking and Bankruptcy Group, was elected as a fellow of the American College of Commercial Finance Lawyers.

EverBank Commercial Finance Expands Sales Team

EverBank Commercial Finance said it has named Jeff Stellinga as the office products sales director for the firm’s Eastern region. He previously served at CoActiv Capital as a regional sales director.

Commercial Lending: Low Interest Rates Tarnish Positive Deal Flow

RMP Capital’s James DiCamillo notes that 2012 was characterized by historically low interest rates that made earning a profit somewhat challenging. Looking ahead, DiCamillo says banks have continued their retreat in the small business sector, even though many enterprises that would be candidates for financing pose only a fair level of risk. As a result, more business owners in this category appear to be discovering commercial finance as a serious option.

ABF Journal Magazine

History & Mission: ABF Journal magazine was launched in 2002 as the first independent trade finance magazine exclusively focused on the asset-based lending, factoring, commercial finance and turnaround management industries. Our mission is to deliver a publication in tune with the informational needs of our readers — commercial finance professionals. Our editorial content is often described […]

CFA Annual Convention: Thriving Through Industry ‘Transformation’

The theme of the CFA’s 68th Annual Convention is “Transformation,” and the event features keynote speaker Richard B. Cheney, 46th Vice President of the United States, who will offer insight into the economic and political landscape, past and present. The convention, which takes place November 14-16, 2012, at the JW Marriott Desert Ridge in Phoenix, AZ, attracts professionals from around the world involved with asset-based lending, factoring, appraisals/auctions/liquidations, turnaround management and commercial finance law to collaborate on issues in commercial lending.

Commercial Finance Acquisitions Shed the ‘Cloak of Distress’

A Conversation With Milestone Advisors’ Tim Stute

The 2012 Factoring Conference: A Diverse Program With Something for Everyone

Surf, sand, sun and subtle sophistication encapsulate what the city of Huntington Beach is all about. With 8.5 miles of pristine beaches, ideal weather, a welcoming attitude and a wide variety of entertainment options, Huntington Beach is the perfect destination for all. And, with 500 factors and other commercial finance professionals convening there, who could ask for more?

Sectors Offer a Mixed Bag of Opportunity

To launch the new year, we asked Rosenthal & Rosenthal’s James Occhiogrosso to take a look at borrower sectors that rely on factoring and asset-based financing in this, ABF Journal’s first ever Specialty Lending Forecast. While certain sectors offer opportunity, all require diligence and in some cases, patience.