The Philadelphia Credit & Restructuring Summit, sponsored by ABF Journal , CFA, TMA and NYIC, will be held on Thursday, March 30, 2017 at The Union League of Philadelphia. Early Bird discounts are available now.
Newly appointed Commercial Finance Association interim CEO Richard Gumbrecht reached out to members of the organization, providing information on his background and stating his goals and objectives.
The Commercial Finance Association executive committee voted to terminate Bob Trojan as the organization’s CEO. Richard Gumbrecht has been retained as interim manager.
The Commercial Finance Association Q3/16 ABL Index shows growth and increased activity on multiple fronts. For larger lenders, commitments and asset-based loans outstanding were up.
Total committed credit lines increased slightly in the 3rd quarter of 2015 while credit line utilization dropped, according to the Commercial Finance Association, which released its latest Quarterly Asset-Based Lending Index.
The CFA reported, according to its Quarterly ABL Index, that U.S. businesses utilized 43.1% of their credit lines during Q2/14, a significant increase from the Q1/13
The Commercial Finance Association and International Factors Group announced a global alliance that will provide a unified voice to promote the benefits of factoring and asset-based lending to businesses, regulators and policymakers.
Matrix Capital Markets hired David M. Keys as vice president and promoted Cedric C. Fortemps to director. Keys previously worked with business and government services, IT and healthcare services companies. Fortemps has been with Matrix since he started his career upon college graduation.