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Women in Commercial Finance:
Profiles of Groundbreaking Industry Leaders

Profiles Of Over 50 Women In Our Industry Who Exemplify Success And Who Deserve To Be Recognized For Their Hard Work And Dedication.

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INSIDE THE JUNE ISSUE

The TSL Interview Gail Bernstein: Paving the Way for Women Leaders in Commercial Finance

BY MICHELE OCEJO • JUNE 6, 2017 

Gail K. Bernstein is executive vice president, national investment manager, PNC Business Credit. Prior to September 2013, she was the marketing manager of PNC Business Credit. Bernstein is a member of the Commercial Finance Association’s Board of Directors, currently serves as vice chair of the Education Committee and is a member of the Women in Commercial Finance Committee....READ MORE



TSL Interview Sallie Krawcheck: On Discovering Your Own Power

BY MICHELE OCEJO • JUNE 6, 2017 

Sallie Krawcheck’s professional mission is to help women reach their financial and professional goals. She is the CEO and co-founder of Ellevest, a just launched digital investment platform for women. She is the chair of Ellevate Network, a many-thousand-strong global professional women’s Network...READ MORE
 


The Girl With The Draggin’ W-2

BY DIANE SCHUMAKER-KRIEG, PAUL JEANNE, SARAH HOUSE, JOHN E. SILVIA, TIM QUINLAN, MISA BATCHELLER • JUNE 7, 2017 

Women’s labor market participation, experience and education all mirror that of their male counterparts more closely than in any previous period and yet women still earn just 80 cents for every dollar earned by men. While this frequently cited figure is accurate, it is somewhat blunt in its measurement...READ MORE




SPONSORED CONTENT

A Regional Bank Responds to SME Funding Needs

BY MYRA THOMAS • JUNE 6, 2017 

Provident Bank’s asset-based lending group specializes in family-owned, privately held small and midsized companies, often the kinds of businesses that most large lenders would simply ignore. Sharon Bender, senior vice president, director of asset-based lending at Provident Bank, notes that they see considerable opportunity in helping SMEs to grow...READ MORE


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DEPARTMENTS

TSL Profile
Far West Capital’s Freight and Trucking Factoring division, based in El Paso, TX, has grown from two employees to an office run by 16 women. Lorena Bolivar, senior vice president, joined Far West in 2008. Here, she shares what she has learned along the way as well as advice for women in the industry. READ MORE

WICF On The Move: LA Event Update 
Over 150 finance professionals, entrepreneurs, and business owners gathered for the inaugural Southern California Women’s Business Connection on March 2 at the Skirball Cultural Center in Los Angeles. READ MORE

CFA Brief 
Among CFA WICF, CFA Chapter News, CFA Calendar....READ MORE

Revolver
In a lighter twist on this column, Jennifer Palmer of Gerber Finance discusses how asset-based lending is like dating. Yes, dating. READ MORE


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The Future of Lending

Blockchain Moves Fast, The Laws Less so

TSL'S 40 Under 40 Issue

Preparing for Big Changes in Small Lending Market

CFA'S 72nd Annual Convention Issue

Bitcoin's Blockchain Tech Could Revolutionize Supply Chain Transparency 

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INSIDE THE MAY ISSUE

Funding for Independent Commercial Finance Companies: Where to Look for Junior Capital in Today’s Capital-Rich Environment

BY TIM STUTE • MAY 1, 2017 

Tim Stute of Houlihan Lokey’s Financial Institutions Group discusses how knowing your strategic goals and understanding how they mesh with the various players in the institutional capital market will help entrepreneurial finance companies navigate their options...READ MORE



Atypical Collateral Can Endanger an M&A

BY ROBERT WOOD • MAY 1, 2017 

“Atypical” collateral in financing deals is being included in deals to make the deals more attractive. Robert Wood of Freed Maxick discusses three types of atypical collateral: unbilled receivables, in-transit inventory and work-in progress (WIP) inventories...READ MORE

 




The TSL Interview: Lin Chua, a Female Founder in the Fintech Space

BY EILEEN WUBBE • MAY 1, 2017 

The Secured Lender’s senior editor sat down with Lin Chua, co-founder, COO & head of Capital Markets of InterNex Capital, an asset-based digital lender providing revolving lines of credit to small and mid sized businesses...READ MORE



Accessing Capital: Lenders And Trade Credit Insurance, Fueling The Engine Together

BY JOSEPH KETZNER, SR. • MAY 1, 2017 

Joseph Ketzner Sr. of Global Commercial Credit explains how lenders and trade credit insurance providers can work together to fuel the engine that drives the business...READ MORE


 



The Entrepreneurial Lender’s Guide to Raising Capital

BY John D. Cochran and Benjamin P. Kaplan • MAY 1, 2017 

Finding the right capital partner can make all the difference. John Cochran and Benjamin Kaplan of Lovell Minnick set out guidelines for entrepreneurial lenders seeking to raise capital.....READ MORE



 


Refinancing the Borrower Through an Assignment and Assumption: When, Why, and How

BY JASON I. MILLER • MAY 1, 2017 

In Part 1 of this two-part series, Jason I. Miller introduces the assignment and assumption structure and its benefits, discusses the factors a lender can use to determine whether it is ultimately a beneficial strategy to pursue under the circumstances, and begins to focus on key provisions typically found in an assignment and assumption agreement...READ MORE

APRIL FEATURES

Online Lenders Push to Maturity

BY MYRA THOMAS • APRIL 6, 2017 

Online lending may represent a very small portion of overall lending, but it is playing an increasing role in how small and mid-sized businesses are funded. Here we speak with some of the key players as well as a factor, asset-based lender and attorney....READ MORE



 


As Clubbed ABL Financings Gain Traction, Clubbed ABL League Tables Make Sense

BY MARIA DIKEOS • APRIL 6, 2017 

Maria C. Dikeos of Thomson Reuters LPC discusses the increase in clubbed ABL financings. Thomson Reuters LPC took stock of how asset-based lending is evolving – structurally, in the context of traditionally espoused terms and conditions; empirically, as part of a broader product offering within a lender institution; and practically, in the context of pressures on return on capital and regulatory constraints....READ MORE

 


Regulated or Nonregulated? That is the Question…

BY MICHELE OCEJO • APRIL 6, 2017 

SThe editor-in-chief of The Secured Lender held a roundtable discussion with several lenders who have worked in both regulated and nonregulated institutions to find out what makes one move to one type over another, what the key differences are and if the grass is greener on the other side. The participants include Marty Battaglia of Encina Business Credit, David Grende of Siena Lending Group, Michael Haddad of Sterling National Bank, Mark Hafner of Celtic Capital Corp., Tom Otte of White Oak Global Advisors LLC and
Richard Palmieri of ANR Partners LLC...READ MORE

 


Taking the Pulse of Private Debt

BY EILEEN WUBBE • APRIL 6, 2017 

Industry leaders discuss the current state of the private debt market, what to expect in 2017 and going forward, the outlook for restructurings and thoughts on a possible shakeout. For 2017, private debt is one of the very few places that fixed income investors can hide out. Returns range from mid-single digits for larger middle-market borrowers to high-single digits for lower-middle-market borrowers...READ MORE


 


Do Lenders Really Need Promissory Notes?

BY EHILARY P. JORDAN AND ANOTHONY C. CIANCIOTTI • APRIL 6, 2017 

SOnce indispensable, a lender’s reliance on promissory notes in
commercial loan transactions has declined significantly in recent years. An analysis of the historical benefits afforded by promissory notes and changes in law and practice explain the reasons behind the trend and illustrate that the limited benefits provided by promissory notes in today’s legal world may no longer warrant their use...READ MORE


 

 

 

 

 

 

TSL EXPRESS

TSL INDUSTRY HEADLINES

Parsley Energy Increases Credit Facility to $1.4 Billion
Parsley Energy, Inc. (NYSE: PE) ("Parsley" or the "Company") announced that the Company amended its revolving credit agreement, thereby increasing the borrowing base by 60% to $1.4 billion, with a Company-elected commitment amount of $1.0 billion. READ MORE

Mackinac Partners Welcomes Senior Turnaround and Restructuring Executive John Bittner
Bittner, based in Dallas, joins the firm as senior managing director and will lead Mackinac Partners’ Southwest Restructuring Practice. READ MORE


John Copeland Joins BancorpSouth as Chief Financial Officer
Copeland has more than 35 years of executive management experience with regional financial institutions in all aspects of accounting, financial reporting, investor relations, asset/liability management, mergers and acquisitions, and budgeting. READ MORE


Cathay Bank Announces the Appointment of Dale Wilson as Senior Vice President and Manager, Oil and Gas Group
Wilson brings over 35 years of experience in both the oil and gas industry and energy banking, primarily with global financial institutions. READ MORE

Hope Bancorp Appoints David P. Malone Senior Executive Vice President & Chief Operating Officer of Bank of Hope
Hope Bancorp, Inc., the holding company of Bank of Hope (the Bank), announced the appointment of David P. Malone as senior executive vice president and chief operating officer of its wholly owned subsidiary Bank of Hope, effective May 15, 2017. READ MORE

The Bon-Ton Stores, Inc. Announces Closing of Extension of $730 Million ABL Tranche A Credit Facility
The Bon-Ton Stores, Inc. (NASDAQ:BONT) announced that it has successfully completed the closing of an extension of its $730 million ABL Tranche A credit facility in advance of its December 2018 maturity date.  The Tranche A revolving facility is now due to mature in April 2022. READ MORE

TowneBank Expands North Carolina Presence Through the Acquisition of Paragon Commercial Corporation and Paragon Commercial Bank
Hampton Roads based TowneBank  (NASDAQ:TOWN) and Raleigh based Paragon Commercial Corporation, the parent company of Paragon Commercial Bank (“Paragon”) (NASDAQ:PBNC), today announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire Paragon creating a $9.7 billion community bank.  READ MORE

Freshfields Makes Major New York Play With Three-partner Bankruptcy Hire From US Firm
Freshfields Bruckhaus Deringer has announced the appointment of a three-partner bankruptcy team from Arnold & Porter Kaye Scholer, with the team joining the firm's New York office. READ MORE