COVER STORY
SHIFTING WINDS: 2019 Year in Review - Tariffs, trade wars and economic uncertainty rippled through 2019. Hugh Larratt-Smith examines current economic trends and speaks to leading ABL lenders about the impact the winds of change are having on the industry.
FEATURES
FEMALE-OWNED BUSINESSES START WITH MORE FEMALE-RUN LENDERS - It is no secret that women-owned businesses often struggle to find working capital. Krista Morgan points out that women’s failure to obtain financing directly correlates to the scarcity of women lenders. She provides a road map to create more diversity in the lending side of the finance business.
ABL CHOOSES A LENDER: Paul Cronin Takes the Helm at Santander’s ABL Division - Santander Bank may not come to the top of mind when people think about ABL transactions. But Paul Cronin, the bank’s new ABL chief, is looking to get the message out that the Spanish based bank is in the market and ready for business.
LENDERS FOCUS ON WORKING HARDER AND SMARTER - As 2019 winds down, nonbank lenders are already looking ahead, seeking ways to strengthen their position in the coming year. Capital One surveyed industry professionals at the annual ABS East Conference in Miami to get their views of the economic situation. Dave Kucera reports the survey findings and shares their suggestions.
SPECIALTY LENDING
PAYROLL FUNDING SUPPORTS STAFFING INDUSTRY:Low Unemployment Rates Increases Cost of Hiring - The good news for job seekers is the unemployment rate is at a 49 year low. The bad news for companies is the cost of finding and hiring new employees is skyrocketing. Robinn Mikalic explains how staffing companies benefit from payroll funding, a type of factoring tailored towards the staffing business.
LEGAL LINES
THE SAN ANDREAS ECONOMY: Protecting Your Business from the Inevitable Earthquake - Thousands of Californian’s persist in living on both sides of the San Andreas fault line, knowing that a major earthquake can send them tumbling into the sea. Jeff Wurst points out that some lenders live the same way — enjoying the current economic boom and ignoring the inevitable downturn on the horizon. His suggestions can help protect businesses when the boom falls.