Despite the economic hardships created by the COVID-19 pandemic, there are still loans to be made. Juanita Schwartzkopf of Focus Management Group explains why the timing couldn’t be better to refinance.
As a result of COVID-19, some businesses will make the difficult decision to wind down operations. As owners and lenders seek more efficient alternatives to bankruptcy, an assignment for the benefit of creditors can be a better option.
Derrick Wong of Pacific Premier Bank spoke with Rey Abundo of Great Rock Capital and Orrin Belden of Celtic Capital about how the asset-based lending community in California is holding up during the COVID-19 pandemic, providing a potential bellwether for the industry at large.
Field exams have changed in the last decade, with more emphasis placed on work papers. Donald J. Flores explains why this is a dangerous trend and outlines where field examiners should focus their time.
Finding the right partner to raise capital for a refinancing always has its challenges, but in the midst of COVID-19, those challenges have become more numerous and severe. Bayard Hollingsworth of Phoenix Management Services explains some of the considerations lenders and borrowers must focus on in this environment by looking back at a successful transaction made during the pandemic.
Asset-based lending can be an attractive business, but not every organization is built for it. Charlie Perer of SG Credit Partners outlines why some community banks were quick to seek ABL out and just as quick to exit the space.
Carl Lane wasn’t always in turnaround management, but he has become one of the top professionals in the field during the course of his career. With a focus on winning early and establishing relationships, Lane is set to lead Willow Tree Consulting Group and its clients through challenges in the present and future.
By taking a new direction and consolidating its asset-class focus, Briar Capital transformed itself and found greater success than it ever had as a pure asset-based lender. The firm’s president, Jeff Van Sickle, describes the process of converting the company into a real estate financier for ABL borrowers and shares lessons learned along the way.
Juanita Schwartzkopf of Focus Management Group argues that the operating cycle is more than just a simple calculation and walks through a real-world example to illustrate its importance for forecasting and managing working capital.
David Weinstein of Blacksail Capital Partners explores the rough and tumble end of the lending spectrum, focusing on those non-regulated lenders who deal exclusively in the lower middle market. He explains why these lenders are willing to take on more risk and why collateral is the most important piece of the credit equation.