The digital world has transformed every aspect of our lives. Some of us still remember pasting photographs into albums and racing to answer the telephone mounted on the wall — picking up the receiver without knowing who was on the other end of the line. Technology has changed asset-based lending in ways no one could have predicted 20 years ago. ABF Journal contributor Hugh Larratt-Smith explores the evolving ABL landscape and evaluates the impact these changes will have in 2018.
Super G Funding hired Eric Von Stafford to help scale the growing Cash Flow Lending division with a specific focus on continuing to build strong partnerships with small-to-medium investment banks and business brokers nationally.
Super G Funding added senior executive Steve Bellah to its Cash Flow Lending Division. Bellah formerly worked with CIT, GE Capital, Siena Lending and Wells Fargo Foothill, among others.
Super G Funding provided $900,000 in capital to an insurance agency client to finance an acquisition of a New York-based insurance agency that specializes in commercial insurance policies.
As credit tightens, middle market companies are being squeezed from all sides. Lenders offering short term second lien or stretch loans can work with ABL lenders to help these companies stay liquid.
Super G Funding provided second lien acquisition financing for an independent sponsor to enable it to acquire a franchisor of after-school enrichment programs for children.