ABL industry veteran Andrew Moser follows both his head and his heart. A self-described “24/7 kind of guy” has assembled a team under the Harbinger Group Inc. umbrella to bring innovative approaches to small- and middle-market borrowers, investors and lending partners.
Lower economic confidence and more concerns, but U.S. financial executives staying the course.
In today’s very competitive environment every basis point counts, but middle-market companies must be careful not to fixate on a lender’s interest rate to the exclusion of all else. Interest rates matter and a lender must be competitive. But first and foremost, a company should consider the depth of a lender’s industry knowledge.
For this year’s Bankruptcy Issue, ABF Journal and the New York Institute of Credit are pleased to present Judge Kevin J. Carey’s perspective on the shifting dynamics and new realities occurring in Chapter 11 process for middle-market companies.
Asset-based lenders began 2011 with roughly $30 billion of volume in each of the first two quarters and a record-worthy $24 billion in Q3/11. Amid heightened market volatility in Q4/11, fueled by fears around the euro-zone debt crisis, volume slowed to $18 billion in line with the broader leveraged loan market pullback in August and September.
ABF Journal illustrator, Jerry Gonzalez, offers a chilling interpretation of a top-ranked abfjournal.com news story.
To launch the new year, we asked Rosenthal & Rosenthal’s James Occhiogrosso to take a look at borrower sectors that rely on factoring and asset-based financing in this, ABF Journal’s first ever Specialty Lending Forecast. While certain sectors offer opportunity, all require diligence and in some cases, patience.
The severe economic downturn of recent years has seen many equipment lenders leave the business or sharply curtail their activities, and CIT was no different, downsizing its Diversified Industries Group in 2007. Central to this strategy is the appointment of a senior CIT veteran, Belcastro, well-known both inside CIT, as well as throughout the asset-based finance industry, as a knowledgeable and experienced professional.
With a seasoned team on board nimbly assembled in 90 days last summer, Mike Maiorino finds himself at home at People’s United Bank where he was tapped to launch People’s United Business Capital. While the model maybe “right down the middle” in terms of the broad spectrum of asset-finance companies, when it comes to customer’s and their financing needs, Maiorino shuns a “one size fits all” approach.
There are wonderful things to be said about Facebook, YouTube, Twitter and their many rivals. But, without careful management, they also have the potential to make a minor happenstance into a major problem, and a major problem into a life-threatening crisis. And that’s bad news for every business going through restructuring or reorganization, trying its darnedest to avoid those alternatives. The somewhat good news is that there are things a business can do to dodge some of the social media bullets.