Who is the SOFA King?

SOFAs originated in the non-bank ABL sector as a way for independent firms to differentiate themselves from bigger banks. But, as Charlie Perer writes, with more and more bank-ABLS embracing SOFAs, it is the large institutional lenders that have been crowned the SOFA kings

A Case Study from the Auto Parts Industry

A restructuring can seem overwhelming at the onset, especially in the wake of a potential bankruptcy or sale. Patrick Walsh breaks down how a turnaround can be accomplished step by step, showing how even a troubled company can find stability in as little as three months.

A CAN-Do Attitude: A Q&A with CAN Capital CEO Edward Siciliano

From photocopiers to trucking technology to equipment financing, Edward Siciliano has seemingly spent time selling a little bit of everything. And as the new CEO of CAN Capital, he’s looking for ways to apply his marketing background to the data-driven world of fintechs.

From Fringe to Mainstream: The 2019 Fintech Roundtable

As fintech companies start counting their birthdays in the double-digits, both traditional lenders and regulatory bodies have had to accept the world rapid online lending has created. Ken Brause of OnDeck, Eyal Lifshitz of BlueVine and Sebastian Rymarz of Fundbox sat down with ABF Journal to take stock of the past decade or so in the fintech world, discuss some of the changes seen in 2018 and speculate on what the future may hold for the industry.

March 2019

March 2019
Specialty Lending
Vol. 17 No. 2

Buyers are Hungry but Sellers are King: 600 Companies Still See a Seller’s Market

Citizens Bank’s latest survey on mergers and acquisitions shows an active market where sellers still have their choice of potential buyers. Ralph Della Ratta breaks down the results and provides reasons on why the market continues to look rosy even as many companies become more cautious of a potential economic downturn.

Honoring the Past to Celebrate the Future: The CFA Rebrands as the Secured Finance Network

The Commercial Finance Association made a big splash at the end of 2018 when it announced its intention to rebrand as the Secured Finance Network. But, as CEO Rich Gumbrecht and President Dave Grende explain, the rebranding is just the latest in a series of moves to reflect where the organization actually is, as opposed to where it had been.

WHEN BAD THINGS HAPPEN TO GOOD COMPANIES: THE ROLE OF RESCUE CAPITAL

Rescue capital has a long and occasionally sordid history in the United States, growing out of Gilded Age overreach and finding fertile ground in restructuring best practices. Hugh Larratt-Smith takes a stroll through history as he looks back on rescue capital origins before examining what its role could be in the very near future.

J D Factors Provides $1.22MM in Facilities to Eight Clients

J D Factors provided $1.22 million in factoring facilities to eight companies the week of March 25, 2019.

Sallyport Supplies $1.5MM A/R Facility to New Staffing Startup

Sallyport Commercial Finance closed a $1.5 million accounts receivable facility for a newly formed staffing company that focuses on food processing and the manufacturing sector.