2023 Industry Icons Issue
Q3 2023
Industry Icons
Vol. 21 No. 3
Q3 2023
Industry Icons
Vol. 21 No. 3
More middle-market borrowers are seeking alternative forms of financing as traditional lenders apply greater scrutiny to their portfolios amidst increasing regulation, opening up opportunities for non-bank asset-based lenders. Robert Lau of Carl Marks Advisors provides important context around this trend and how it will influence the market in the short and long term.
A new environment with higher interest rates, fewer stimulus packages and a refocus on deposits may mean that we are entering a lenders’ market. Derrick Wong of Eagle Pointe Capital spoke with representatives from FGI Finance to get the perspective from the non-bank lender side.
ABF Journal is back for its fourth annual list of the Most Innovative Companies in Specialty Finance.
How non-bank lenders differentiate themselves and successfully capture market share while navigating risk will determine how they are able to define the current moment. Non-bank lenders are well-positioned to take advantage of the current economic and credit environment and will be better able to help borrowers compared to traditional banks.
Earlier this year, Jennifer Palmer, the former CEO of Gerber Finance and eCapital Asset-Based Lending, teamed up with Melissa Fleishman, another former Gerber Finance and eCapital executive, to launch JPalmer Collective, an asset-based lender with a clear focus on providing financing to women-owned businesses and supporting sustainability.
Regions Bank launched its franchise lending team at the end of 2022, installing Peter Salas and a team of subject matter experts to grow the business and help franchisors and franchisees across the bank’s footprint. Salas spoke with ABF Journal to detail the unique benefits and challenges of franchise lending and what makes it an attractive industry to serve.
Several recent Department of Justice settlements have highlighted a potential risk for auto lenders. Beyond eliminating intentionally discriminatory practices like redlining, auto lenders need to work with legal counsel, lending officers, lending algorithm programmers and other stakeholders to ensure lending practices do not result in unintentional discrimination.
Anthony Cianciotti of Baker Donelson gets into the details of trademarked inventory in the event of a bankruptcy and what a lender should consider when it comes to a borrower’s continued right to use the licensed trademark and to sell trademarked inventory.
Q2 2023
2023 Most Innovative Companies
Vol. 21 No. 2