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Poised to Take the Plunge

Each year at this time, we at ABF Journal like to check in with leading asset-based lenders for a review of the year that’s been and a look forward to the one ahead. It became clear that we are on the brink of something promising as we push further into 2010; but with lenders and borrowers still testing the waters, it’s not entirely clear when they’ll take the plunge. What seems fairly certain, however, is that when they do, they may not dive as deep as they once did.

May 1, 2010 | | | ABF Journal

A Borrowers’ Sector Report Card Shows Some Improvement

Given the extraordinary credit crisis American businesses have been weathering, we thought that Merchant Factors’ outlook on various borrower sectors is an excellent barometer for commercial finance companies. Adam Winters, the company’s president and CEO offers a sector by sector report card. Some sectors move to the head of the class, some show scant improvement and others aren’t making the grade.

April 1, 2010 | | | ABF Journal

The Tangled Demise of Arrow Trucking

As forensic accountants work to piece together what’s left of the company, and fleet lessors comb the country for missing trucks, the three executives blamed for orchestrating the multimillion factoring fraud that brought Tulsa-based transportation firm Arrow Trucking Co. to its knees are busy pointing fingers at each other. Using court records, press reports and the statements of those involved, ABF Journal attempts to untangle the convoluted mess that was Arrow Trucking.

April 1, 2010 ABF Journal

Four Fabulous Factors… What Defines a Legacy?

As we assembled the lineup of profiles for this year’s look at four factoring companies, a unifying theme began to emerge — legacy. And each of the four companies illustrates the multi-dimensionality of legacy in its own unique way. Whether it’s a father and son team; providing financing to a unique niche for the greater good; the impetus to acquire, sell and re-acquire the same company or serving as a training ground for future factoring entrepreneurs, each has an interesting story to tell.

April 1, 2010 | ABF Journal

While ABL Tapers Off in Q4/09, Lenders Expect an Active 2010

Asset-based lending got off to a tepid start in 2009 and gained momentum part way through the year, only to see issuance taper off by year-end. At $8.55 billion, Q4/09 issuance, while up 45% over Q4/09, was off 15% from Q3/09 levels, to close out the year with the lowest quarterly issuance since the end of 2008. The softness was disappointing and arguably a bit of a surprise.

March 24, 2010 | ABF Journal

CIRAs: Well Equipped for Economic Crisis

Current economic conditions have created great demand for services of financial experts trained in the area of insolvency and restructuring. Rendering financial advisory services in the business turnaround, restructuring and bankruptcy practice areas requires both specialized knowledge and relevant experience.

March 11, 2010 ABF Journal