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Hohman Joins BMO Harris Bank’s Asset-Based Lending Group
BMO Harris Bank announced it has hired David Hohman as Director of Business Development for the Asset-Based Lending Group.  Hohman will be based in Chicago and will be focused on the chemicals and plastics industries throughout the U.S. and all industries in the eastern portion of the Midwest...
Bibby Financial Services Funds $8.5MM Facility for Apparel Company
Bibby Financial Services announced it has funded an $8.5 million accounts receivable and inventory finance facility for a Miami-based apparel company. The 30-year-old business is a major designer and manufacturer of licensed sportswear for big box U.S. retailers and Fortune 500 companies. The firm’s...
11/21/2014
CIT: Mid-Market Retailers Cautiously Optimistic for Holiday Season
An annual retail outlook study (www.cit.com/retailoutlook) of more than 250 senior middle-market retail executives conducted by CIT Group Inc. found cautious optimism among respondents. Fifty-five percent of executives anticipate their total holiday sales will increase by 6% or more in 2014, as...
11/21/2014
MidCap Business Credit Provides $4.75MM ABL to Southern Exchange
MidCap Business Credit completed a $4.75 million asset-based revolving line of credit to Southern Exchange, L.P., D/B/A, Texsport, a wholesaler of camping and outdoor recreational products  headquartered in Houston, TX.  The revolver is supported with advances against the company’s accounts...
11/21/2014
 
From Retail to Energy, Exciting Times Lie in Store for ABLs
Patrick Dalton
Gordon Brothers Finance Company’s Patrick Dalton expresses his thoughts as to why it’s an exciting time to be in the...
11/19/2014 Topic: Industry Trends
Attention asset-based lenders: how are you validating EBITDA for your...
When life gives you lemons, make furniture polish. This is the kind of...
 
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