Evaluating Working Capital in the ‘New Normal’ of the COVID-19 ABL World

As the COVID-19 pandemic ramps back up through the end of 2020 and the beginning of 2021, a tentative ‘new normal’ has set in for borrowers and lenders alike. Juanita Schwartzkopf explains how asset-based lenders should adjust their evaluation processes for working capital in this environment.

January 21, 2021 COVID-19 | Focus Management Group | Juanita Schwartzkopf | working capital Grace Garwood

The Nuts and Bolts of a Workout In a Pandemic Environment

Workout activity has reached a fever pitch in the wake of the COVID-19 pandemic. Jeffrey A. Wurst provides important tips, recommendations and considerations for secured lenders looking to execute successful workouts with a growing population of distressed borrowers in the current marketplace.

December 18, 2020 COVID-19 | Jeffrey A. Wurst Grace Garwood

Secured Lending Q2 Data Reflect Most Volatile Quarter in History

The effect of COVID-19 on the asset-based lending market became apparent in the second quarter as the industry’s most recent data reflect a 24.1% decline in total bank loans and 29.4% drop quarter over quarter in non-bank lending, according to the Secured Finance Network.

September 17, 2020 COVID-19 | Secured Finance Network | SFNet Rita Garwood

Moody’s Analytics: COVID-19 Resurgence Could Cause Global Economic Depression

The Moody’s Analytics baseline economic forecast reports that real global GDP will fall by 4.5% this year as a result of COVID-19 and the economy will not return to full-employment until mid-decade.

June 5, 2020 COVID-19 | GDP | Mark Zandi | Moody's Analytics Phil Neuffer

LIBOR Transition: A Priority Even During the COVID-19 Pandemic

The COVID-19 pandemic has brought the economy to a grinding halt, but the LIBOR transition timeline has not been affected. Colleen Hsia and Zaman Toleafoa of FTI Consulting explain how companies must use effective communication and other strategies to make sure they are still preparing adequately.

May 15, 2020 Colleen Hsia | COVID-19 | LIBOR | Zaman Toleafoa Phil Neuffer

Testing the Water: Best Practices for Store Closing Sales in the Age of COVID-19

Scott Bernstein of SB360 Capital Partners reflects on the post-COVID-19 pandemic new normal for store closing and strategic sale events.

May 12, 2020 COVID-19 | SB360 Capital Partners | Scott Bernstein Phil Neuffer

Fed to Release Monthly Data on CARES Lending Facilities

The Federal Reserve Board will report information on a monthly basis for the liquidity and lending facilities using Coronavirus Aid, Relief and Economic Security (CARES) Act funding.

April 28, 2020 CARES Act | COVID-19 | Federal Reserve | Jerome H. Powell Phil Neuffer

Omnichannel Transformation, COVID-19 Alter Distressed Retail/Supplier Relationships

Ben Nortman and Ian Fredericks of ReStore Capital examine the financial burden that consumer-mandated transformation and the current crisis are imposing on both retailers and their suppliers. They further explain how innovative financial solutions can be leveraged to help ensure successful outcomes in stressed and distressed environments.

April 22, 2020 Ben Nortman | COVID-19 | Ian Fredericks | ReStore Capital | Retail Phil Neuffer

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $2.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year.

April 15, 2020 Charlie Scharf | COVID-19 | wells fargo Phil Neuffer

ACG: 62% of Private Capital-Backed Small Businesses Excluded from PPP

According to a survey from the Association for Corporate Growth, 62% of small and medium-sized businesses majority-owned by venture capital, private equity or other private capital providers are excluded from the Paycheck Protection Program.

April 10, 2020 Association for Corporate Growth | CARES Act | COVID-19 | Payment Protection Program | Thomas Bohn Phil Neuffer