Recently added articles from The Secured Lender:
letter from: THOUGHTS FROM CFA AND TSL STAFF
Mar 01, 2009; ... As we approach the end of the first quarter, we see a government in action trying to stimulate the economy, businesses hunkering down for what many believe will be another tough year, more consolidations, liquidations and high unemployment. Will we get through it? Absolutely. This past January ...
U.S. Loan Market Review: 2008 ends with lending grinding to a halt
Mar 01, 2009; ... (Thomson Reuters LPC) - In 2008, the loan market, just like many other capital markets, searched in vain for a bottom. A crisis that reared its head first in the middle of 2007 finally led to the near disintegration of the entire financial system during the second half of 2008. And while the ...
U.S. Bankruptcy Process Works, Weeds Out Weak, Finds University of Utah Study of 530 Companies
Mar 01, 2009; ... With high-profile company bankruptcies becoming distressingly common, many would be hard-pressed to find an upside. According to a new study by three finance researchers at the University of Utah's David Eccles School of Business, however, there might be a silver lining of sorts: the ...
Hedge Funds Take More Cautious Approach to Distressed Situations
Mar 01, 2009; ... In response to unprecedented developments on Wall Street in 2008, the majority of today's hedge fund managers have adopted a more conservative approach toward investment opportunities in financially troubled companies as insolvency concerns continue to mount, according to the HedgeWorld & ...
ABL Usage Growing In the United Kingdom
Mar 01, 2009; ... New research by the United Kingdombased Asset Based Finance Association (ABFA) shows that beleaguered firms across the UK are increasingly using assetbased lending as a means of raising funds and capital during the credit crunch. When surveyed, 64% of respondents, (such as dealmakers in ...
69% of Small Business Owners Expect Recovery to Take at Least 12 Months
Mar 01, 2009; ... After falling to its lowest measurement ever in November, economic confidence among small business owners rose slightly as 2008 came to a close. The Discover® Small Business WatchSM rose to 72.8 in December, up 5.3 points from November. The index was buoyed by increased optimism that their own ...
Challenging Times Demonstrate Importance of Hedge Funds and Private Equity Players in ABL
Mar 01, 2009; ... Today, hedge funds and private equity firms are playing crucial roles in business financing, firm-wide expansion, buyouts and corporate acquisitions. The secured lending marketplace is no different than any other corporate arena, and the ABL industry is now regularly looking to the ...
entrepreneurial lenders: OPPORTUNITIES AND THREATS
Mar 01, 2009; ... At the recent CFA Convention in San Francisco, the author moderated the panel discussion titled "Entrepreneurial Lenders - Opportunities and Threats." Panelists included Jack Reilly, managing director, Keltic Financial Services LLC; Jay Atkins, president, First Growth Capital; and Michael Monk, ...
The Bicycle Theory of Management: Things Sure Get Wobbly When the Bicycle Slows Down
Mar 01, 2009; ... Things Sure Get Wobby When the Bicycle Slows Down In the 1870S, when the British Empire was the epicenter of the financial universe, the editor of the Economist, Walter Bagehot, observed: "In England, after a great calamity, everyone is suspicious of everybody. As soon as that calamity ...
THE ILLINOIS CREDIT AGREEMENT ACT: STILL THE BEST DEFENSE AGAINST LENDER-LIABILITY CLAIMS
Mar 01, 2009; ... Decisions in 1995 and 1996 by Illinois state and federal courts established that, if any portion of an agreement is a commercial loan or credit agreement, then the Illinois Credit Agreements Act, 815 ILCS 160/1 er seq., bars all claims, counterclaims, and defenses by the debtor against the ...
WHERE Are Your Next Opportunities Coming From: How to Increase Your Loans Booked & Achieve New Revenue
Mar 01, 2009; ... Consistently delivering on a variety of considerations will likely guarantee lenders a continued flow of opportunities. These include sizing up a situation and timely delivery on the promise; being mindful of relationships and reciprocal considerations; thinking outside-the-box and quick, ...
DIRECT-MAIL INDUSTRY: Postage Accounts & Asset-Based Lenders
Mar 01, 2009; ... What do asset-based lenders need to know about the direct mail industry? Read on to find out how to guard against certain events if the direct mail house ceases operations and the customer exercises its right of offset. BY BRIAN GLEASON Traditionally, one of the most significant ...
MICHAEL SHARKEY
Mar 01, 2009; ... Industry Icon Brings His Expertise to New Venture As a long-time veteran of the assetbased lending industry, our readers would be particularly interested in hearing your perspective on how the industry has evolved and matured over the years. In some ways the industry has come full circle ...
across the pond: THE UK AND IRELAND SCENE
Mar 01, 2009; ... Writing this, several weeks before publication, I am always conscious that my copy could look dated but, with that said, it has been more of the same for several months now as far as UK commercial funding goes. That said, the ban on short selling of bank shares here has just expired and ...
CHAPTER NEWS
Mar 01, 2009; ... Atlanta The Atlanta Chapter has announced its 2009 Officers and Board Members: president, Guy Camerlengo, Marquette Business Credit, Inc.; vice president, Matt Simon, First Capital; treasurer, Curtis Correa, GMAC Commercial Finance; director, Jeff Appleton, The Southern Finance Network; ...
AMONG CFA MEMBERS
Mar 01, 2009; ... Celtic Capital Corporation: Mark Hafner, president and chief executive officer, and Alexander FaIo, chief credit officer, announced that management reacquired Celtic Capital Corporation from Discovery Bancorp with the support of Pine Tree Equity I, LP, a private equity firm. Cole Taylor ...
AMONG EDUCATION FOUNDATION MEMBERS
Mar 01, 2009; ... Aurora Management Partners: Jason A. Shulick, CPA has joined. Dennis Gerrard has also joined its staff. Gerrard is a senior consultant and seasoned executive who brings over 21 years of executive management and consulting experience to Aurora's clients. MorrisAnderson: Kenneth R. Yager, ...
legal notes: THE LEGAL SIDE OF ABL
Mar 01, 2009; ... The cases we have selected for this issue of The Secured Lender address several interesting topics, including "roll-ups" within the context of DIP financing, potential fraud claims against accountants of a borrower and taking a security interest in commercial tort claims. We hope you find these ...
merger: OPINIONS
Mar 01, 2009; ... the federal government has implemented a number of programs to alleviate the lack of liquidity in the credit markets, with programs such as the Troubled Asset Relief Program (TARP). The government's primary focus thus far has been on aiding banks. Do you think the federal government should ...
revolver: TSL GUEST COLUMN
Mar 01, 2009; ... Much has been communicated in the media about borrowers having trouble accessing loans. Little attention has been given to the fact that even lenders need access to funds in order to lend to borrowers. And while this issue usually affects small, independent lenders most, today is not like any of ...