Every asset-based lender brings a different set of criteria to the table when examining a potential deal. In a panel at the 13th Annual Philadelphia Credit & Restructuring Summit, four different financing providers outlined their own unique perspectives on deal evaluation.
Context Business Lending named Joy Hanawa director of technology and data analytics. In this role, Hanawa will lead the innovation agenda and technology roadmap for CBL and manage the design and development of additional automation and data analytics tools.
Context Business Lending promoted Stephen Butler to chief operating officer and Josh Beauvais to chief credit officer, among other promotions, and added Joe Messineo as director of business development.
Context Business Lending expanded into the California market. As part of the expansion, Context Business Lending added Lucy Czismas as its first West-Coast-based director of business development, MJ Hilker as director of portfolio management and Harmeet Sohal as senior collateral analyst.
Wingspire Capital hired Dave Turco as a managing director on its business development team. Turco is based in Boston and will assist in expanding Wingspire Capital’s national presence by originating senior secured credit facilities for private and publicly traded companies in the Northeast.
Context Business Lending hired Rebecca Smith, Sherrill Hornett and Veronica Griffin. Hornett will take on the role of director of portfolio management, while Smith will be an underwriter and Griffin will be a senior collateral analyst.
Context Business Lending increased its warehouse line by adding Texas Capital Bank as joint lead arranger to its warehouse facility led by CIBC Bank USA as agent.
Context Business Lending launched an e-commerce division, which was designed to specifically address the needs of e-commerce companies.
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.
Context Business Lending, a family office-backed, national asset-based lender, closed seven new revolving lines of credit over the last five months, including a $20 million line to Universal Metals and parent company Northwestern Holding Company.