Category: Published Articles

Four Fabulous Factors… What Defines a Legacy?

As we assembled the lineup of profiles for this year’s look at four factoring companies, a unifying theme began to emerge — legacy. And each of the four companies illustrates the multi-dimensionality of legacy in its own unique way. Whether it’s a father and son team; providing financing to a unique niche for the greater good; the impetus to acquire, sell and re-acquire the same company or serving as a training ground for future factoring entrepreneurs, each has an interesting story to tell.

While ABL Tapers Off in Q4/09, Lenders Expect an Active 2010

Asset-based lending got off to a tepid start in 2009 and gained momentum part way through the year, only to see issuance taper off by year-end. At $8.55 billion, Q4/09 issuance, while up 45% over Q4/09, was off 15% from Q3/09 levels, to close out the year with the lowest quarterly issuance since the end of 2008. The softness was disappointing and arguably a bit of a surprise.

CIRAs: Well Equipped for Economic Crisis

Current economic conditions have created great demand for services of financial experts trained in the area of insolvency and restructuring. Rendering financial advisory services in the business turnaround, restructuring and bankruptcy practice areas requires both specialized knowledge and relevant experience.

The True Face of Dilution (Part 2 of 3)

Field examiners may spend a considerable time scrubbing a borrower’s trade accounts receivable (A/R). Often the resulting ineligibles proposed are met with the following question “Isn’t this all covered by dilution?” Knowing the answer to the question is critical to ensuring that the borrowing base formula adequately protects an asset-based lender. ABF Journal’s coverage on field examinations continues with the second part of a three-part series.