In a recent report, the National Restaurant Association said the outlook for the restaurant industry remains positive for the coming months and noted that its performance index was well above 100 for the sixth consecutive month.
Asset-based finance is set to grow by 9% in 2012, a new survey from the UK’s Asset Based Finance Association (ABFA) said. Total funding provided by the industry to UK and Ireland firms is forecast to reach £17.2 billion in 2012.
The New York Institute of Credit and the Connecticut and Northeast chapters of the Turnaround Management Association have teamed up for the Sixth Annual Credit & Bankruptcy Symposium to be held on Thursday and Friday, May 10-11, at Mohegan Sun Resort & Casino in Uncasville, CT.
ORIX Venture Finance announced the closing of a $15 million senior secured facility for Primcogent Solutions, a provider of non-invasive laser treatment for body contouring.
The American Bankruptcy Institute announced James T. Markus of Markus Williams Young & Zimmermann in Denver has been selected by the ABI board of directors to be president for 2012-13. He succeeds Geoffrey L. Berman of Development Specialists, Inc.
The International Factoring Association (IFA) announced that it has entered into a cooperative agreement with the Romanian Factoring Association.
The Commercial Finance Association, together with nine other trade associations in the financial services industry, including the Equipment Leasing and Finance Association, have submitted a amicus brief to the U.S. Supreme Court in the case of RadLAX Hotel v. Amalgamated Bank.
The CFA released its Quarterly Asset-Based Lending Index for the fourth quarter of 2011. The results indicate that more U.S. businesses are seeking capital. CFA members surveyed reported that new credit commitments originated in Q4/11 were 8.4% higher than the third quarter and 18.4% higher than were reported in Q4/10.
The Commercial Finance Association and the National Funding Association announced a formal combination, bringing enhanced networking and educational opportunities to both associations’ members and a stronger voice to the industry.
At a breakfast event hosted by the ACT New York on Friday, February 17, a panel moderated by Barry Korn with panelists Stephen Altneu, Barry Karen, John Mulvey and Oleh Szczupak will assure attendees, “Yes, Virginia, bank loans are available.”