In a Q&A with ABF Journal, Dwayne L. Hyzak of Main Street Capital discusses private equity’s evolving relationship with asset-based lending and how an increase in direct lending activity and combination financing with debt and equity is changing the commercial lending landscape overall.
To get a handle on how the asset-based lending industry has traversed a tumultuous 2020 and where it is headed in 2021, ABF Journal spoke with executives from Siena Lending Group, Context Business Lending, PNC and BMO Harris in an exclusive Q&A.
The Paycheck Protection Program has been top of mind for many lenders, particularly banks. ABF Journal learned about the experience of bank-owned asset-based lending groups with the program as well as expectations and concerns for the future in conversations with four leaders in the industry.
Tariffs, trade wars and economic uncertainty rippled through 2019. Hugh Larratt-Smith examines current economic trends and speaks to leading ABL lenders about the impact the winds of change are having on the industry.
It is no secret that women-owned businesses often struggle to find working capital. Krista Morgan points out that women’s failure to obtain financing directly correlates to the scarcity of women lenders. She provides a road map to create more diversity in the lending side of the finance business.
ABL lending may seem cut and dried to outsiders, but those on the inside know that even the most carefully designed loans can go awry. Turnaround specialists Robert Riiska and William White explain what could go wrong with the ABL lender toolkit and how to repair it.
Santander Bank may not come to the top of mind when people think about ABL transactions. But Paul Cronin, the bank’s new ABL chief, is looking to get the message out that the Spanish based bank is in the market and ready for business.
Thousands of Californian’s persist in living on both sides of the San Andreas fault line, knowing that a major earthquake can send them tumbling into the sea. Jeff Wurst points out that some lenders live the same way — enjoying the current economic boom and ignoring the inevitable downturn on the horizon. His suggestions can help protect businesses when the boom falls.
The good news for job seekers is the unemployment rate is at a 49 year low. The bad news for companies is the cost of finding and hiring new employees is skyrocketing. Robinn Mikalic explains how staffing companies benefit from payroll funding, a type of factoring tailored towards the staffing business.
As 2019 winds down, nonbank lenders are already looking ahead, seeking ways to strengthen their position in the coming year. Capital One surveyed industry professionals at the annual ABS East Conference in Miami to get their views of the economic situation. Dave Kucera reports the survey findings and shares their suggestions.