NOV/DEC 2017 VOL. 15, NO. 7
THE CHANGING LANDSCAPE
OF NON-SPONSOR FINANCE
With too much capital chasing too few transactions, the
middle market is ripe for change. Charlie Perer predicts an
explosion of debt options for non-sponsor backed companies
over the next 10 years. He notes that as non-banker lenders
offer customers more service and flexibility, banks will respond
BY CHARLIE PERER, SUPER G CAPITAL
WHY IS ASSET-BASED LENDING SO EXPENSIVE?
Comparing Cost Structures
for ABL and C&I Loans
There is a common belief, especially among business
borrowers, private equity funds and M&A sponsors, that
inefficiencies leading to predatory pricing exist in the
small-cap and lower middle market business lending space.
That assumption may be incorrect because the ABL cost
structure is very different in comparison to inexpensive bank
lending. By utilizing a new, more optimized funding structure,
ABL firms may be able to greatly reduce their cost of capital.
BY JEFF SWEENEY, US CAPITAL PARTNERS
NEW ON THE SCENE
FILLING THE VOID:
TradeCap Partners Offers Middle Market
Borrowers a Complete Financial Solution
After working together for almost a decade at King Trade
Capital, Bryan Ballowe and Clinton Stanton launched TradeCap
Partners in July. The pair spoke to ABF Journal Editor Nadine
Bonner and explained how they are working to partner with
other lenders to provide lower middle market borrowers with
complete financing solutions.
BY NADINE BONNER, EDITOR
Upswing Leaves ABL Lenders Optimistic for 2018
Despite political turbulence and Mother Nature running amuck,
ABL lenders saw an upswing in business in 2017 after two
flat years. ABF Journal contributor Lisa Miller spoke with five
ABL executives who described a robust year filled with new
partnerships and business opportunities and an optimistic
outlook for 2018.
BY LISA MILLER, ABF JOURNAL CONTRIBUTOR
OPPORTUNITIES AND CHALLENGES:
Asset-Based Lending in 2018
The digital world has transformed every aspect of our lives.
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.
BY HUGH C. LARRAT T-SMITH, TRIMINGHAM