For passengers, the thrill of flying has dimmed as we’ve been shoehorned into seats and charged for our in-flight beverages. Yet Jennifer Villa Tennity points out that despite these inconveniences, air travel is still booming. For aviation lenders, this is very good news.
For many borrowers, asset-based loans are a lifeline, providing access to working capital that supports their businesses. But no one would deny that the loan process and follow-up monitoring is archaic and cumbersome. Craig Sproule explains how “no code” digital solutions can change the process and create a more efficient, cost-effective ABL lending platform.
Jeffrey Wurst cautions lenders “to plan your divorce before you get married,” when preparing loan documents. Incorporating waivers is one way to avoid subsequent litigation. A Texas case illustrates how even unenforceable waivers can strengthen a lender’s position.
Burnley Capital, a new ABL lender, is a partnership between a lender in Boston and a management consultant in Minneapolis, but thanks to the wonders of modern technology, the pair are able to work together without relocating. They offer borrowers more than a checkbook; the company sees the value-added assistance it provides as a way to help borrowers succeed.
A strong, independent board of directors can help keep a company on the right financial track. Howard Brod Brownstein, who sits on several corporate boards himself, urges lenders to take a hard look at a borrower’s board of directors before extending a loan or agreeing to forbearance. Brownstein makes a case for lenders to insist on corporate governance before handing over the cash.
Tired of trying to stand out in a crowded ABL market, Briar Capital chose to move in a different direction. The company had always offered ABL real estate-based loans. Now Briar is exclusively lending against owner-occupied commercial real estate. Jeff Van Sickle explains how Briar arrived at this decision and shows how the company is able to work with asset-based lenders who previously viewed it with suspicion.