Thanks in part to an overwhelming number of nominations from our audience, ABF Journal’s third annual Top Women in Asset-Based Lending feature includes profiles with nearly 50 of the most prominent women from across the industry.
FinSoft, LLC is a software engineering and consulting company that specializes in Asset Based Lending and commercial finance software applications and data processing for audit, data analysis factoring and accounting analysis.
For decades, private equity investors have taken distressed assets through a process to divorce them from subordinate liens. An analogous, lender-initiated process (the UCC Article 9 restructuring) clears up the traditional bottleneck in bank-to-ABL transitions, ultimately leading to the next evolution of the take-out relationship.
MidCap Business Credit expanded its product offerings this year by launching MidCap Equipment Finance. Led by Saurin Shah, a co-founder of Nations Equipment Finance (now SLR Equipment Finance), the new business aims to help MidCap become a one-stop financing partner for the middle market.
Medium to large-cap businesses in the UK could be missing out on asset-based lending, a form of flexible financing popular in the United States that is comparatively neglected in the UK due to popular misconceptions.
In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.
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.