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Category: General Business

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Interested in Dodging Social Media Bullets?

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.

January 31, 2012 | ABF Journal

Cloud-Based Technology — Opportunities for Advanced Credit Monitoring Tools

The advent and advancement of Cloud technology has opened the door to major changes in the world of business credit, enhancement and collateral monitoring. We are barraged with a constant flow of new buzzwords, phrases and acronyms for everything trendy and exciting. It’s hard to keep up. Yet, Cloud computing and Business Processing as a Service present opportunities for considerable cost savings and efficiencies.

January 31, 2012 | | | ABF Journal

Back in Business: After a Rash of Bankruptcies, Retailers Are in Fighting Shape for 2011

Given what Spence Mehl calls “a bloodbath of bankruptcies” in the retail space in 2008 and 2009, last year brought surprisingly fewer bankruptcies than most had anticipated. And while bankruptcy still loomed heavily for nearly all the big chains in 2010, the difference was that retailers themselves executed their own top-to-bottom restructuring plans. But, Mehl warns, retailers aren’t out of the woods yet.

March 1, 2011 | | ABF Journal

O’Neal Steel… A Matter of Teamwork

When putting together and closing any asset-based lending deal, the ingredients that are needed include patience, communication, and capital, but most importantly for both the lender and the borrower, it requires teamwork. And it was a great amount of teamwork that led to the closing of a $350 million ABL for O’Neal Steel, led by U.S. Bank Asset Based Finance. We caught up with U.S. Bank’s Sam Philbrick and O’Neal Steel’s Michael Rowland to get the details of the deal.

November 3, 2010 | | ABF Journal

Commercial Finance Software… Are You Still Driving a Hoopty*?

When in comes to your commercial finance software system, are you like the guy down the street who’s trying to squeeze five more years out of a clunker that’s held together with the technological equivalents of spit, glue and coat hangers? If so, the following article is a high-level overview of what it takes to pick out a sleeker model.

*Urban Dictionary defines a hoopty as any car that meets certain characteristics, including but not limited to requiring the driver to enter through the passenger side; requiring half a clothes hanger to hold up the exhaust pipe and the other half to serve as an antenna; and/or requiring the manual up and down movement of the turn signal to signify the driver’s intention to turn. (Variant spellings: hooptie, hoopdie, hoopdy. See also: clunker, jalopy)

July 29, 2010 | Rita Garwood

Tomorrow Will Look A Lot Like Today

As we begin a new year, Stevan Buxbaum urges secured lenders to take advantage of the great opportunities that exist in tumultuous times. But, he advises, such opportunities will only pan out if approached with discipline, diligence and perhaps most importantly, the realism that was lacking in the days of irrational exuberance.

January 31, 2010 | ABF Journal