In a Q&A with ABF Journal, Pushkar Mukewar, CEO of Drip Capital, gives a full breakdown of trade finance notes, outlining the yields they provide investors, their historical performance and how they come into play for asset-based lenders.
Find out why an effective risk management strategy requires the development of robust economic forecasting tools that simulate future cash flows. One such tool uses “real-option” theory to model flexibility associated with energy assets.
Asset-based lending is a versatile and attractive option for companies experiencing everything from rapid growth to inconsistent earnings, which has only been magnified by the COVID-19 pandemic. Brent Hazzard, head of asset-based lending and asset finance at Citizens Bank, outlines why ABL matters now more than ever.
Charlie Perer looks at how banks are propping themselves up and ignoring potentially problematic portfolios when it comes to special assets by avoiding kick-outs and write-offs in the face of mounting evidence that the “proverbial can has only so much kicking left in it.”
Metal commodities are soaring to record highs in 2021 as supply chain issues threaten to hinder a solid rebound from economic contraction in 2020. A similar recovery is taking place for asset-based lending to metal service centers.
The COVID-19 pandemic is historically unprecedented, but its effects on the financial world are not wholly unique. Hugh Larratt-Smith uses the turn of the 20th century as a historical parallel and speaks with several prominent members of the asset-based lending community to get their thoughts on how the market will develop during the second half of 2021 as the pandemic (hopefully) recedes.
As the healthcare sector continues to be an attractive arena for lenders, it’s important to remember that special care must be taken to close deals efficiently in this space. Stacy Hopkins of Paul Hastings urges lenders to perform specialized due diligence early in the loan lifecycle to ensure healthcare lending deals get done.
Many aspects of the asset-based lending process had to be drastically changed due to the working conditions spurred by the COVID-19 pandemic, but no area was as challenged as the work of field examiners. Donald F. Clarke of Asset Based Lending Consultants explains how field exams were conducted during the COVID-19 pandemic and how they might look in a post-pandemic world.
Despite all we know about Chapter 11 bankruptcy, there is still a lot left to be uncovered. Examining how the process affects minority-owned businesses is an especially lacking area of study, but there are potential insights to be found in the limited research that has been done as well as the more largely available data on the consumer side.
Through the creation of a LGBTQ2+ business development officer role, TD Bank has made lending to businesses within the LGBTQ2+ community a priority. Steve Garibell, who fills the role in the New York market, shares his experience and how he helps businesses grow.