For its second annual Top Women in Asset-Based Lending feature, ABF Journal spoke to more than 50 of the most influential women in the ABL industry across multiple disciplines to learn about the challenges they’ve overcome, the lessons they’ve learned and the many successes they’ve achieved.
It has been 20 years since former commercial finance behemoth FINOVA Capital crumbled into bankruptcy. While it was an exceptionally influential participant in alternative finance during its time, in the two decades since its downfall, the company’s impact can still be felt across the industry.
In the second edition of ABF Journal’s list of the Most Innovative Companies in Specialty Finance, we went bigger and better than last year, expanding the breadth of companies to include capital providers, referral sources, service providers and more. In a year once again heavily impacted by the COVID-19 pandemic, these companies used ingenuity and adaptability to push themselves forward.
In this issue of ABF Journal, we highlighted the career paths of the most influential and innovative women in the asset-based lending industry while providing insight into the skills and motivations that drove them to where they are today.
To get a handle on how the asset-based lending industry has traversed a tumultuous 2020 and where it is headed in 2021, ABF Journal spoke with executives from Siena Lending Group, Context Business Lending, PNC and BMO Harris in an exclusive Q&A.
Commercial finance is a constantly evolving industry. What worked a decade ago might not be effective today, especially in the midst of a global pandemic that has made accessing liquidity even more important than ever. In good times or bad, the companies that stand out the most in commercial finance (and any other industry) are the ones that constantly think ahead and, well, let’s not hide from it, innovate.
The advent of cryptocurrency created a new asset class and in the years since its introduction has slowly created new opportunities in the asset-based lending market for crypto-backed lenders like SALT Lending.
Global spending on advertising in 2020 is forecast to exceed $700 billion. Bernard Urban investigates the complexities of lending to this space where money moves like molasses and nonbank lenders are entering the game at an increasing rate.
As part of an ongoing expansion in services and marketing territory, Sterling Bank purchased Dallas-based NewStar Business Credit in March, acquiring its president, Michael Haddad and the other team members along with NSBC’s financial assets and clients. ABF Journal spoke with Haddad and Sterling
Specialty Lending Division President Ted Geisel about the impact the merger will have on the unit and their outlook on ABL lending in 2016.