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Strengthening Borrower Relationships During the COVID-19 Crisis

Date: Jun 29, 2020 @ 01:00 PM
Filed Under: Industry Trends

ABL Advisor Video Series: Middle-market companies have been heavily impacted by the COVID-19 crisis. In this exclusive video interview, Michael Haddad, President, Capital Finance, Sterling National Bank discusses how new approaches to working with middle-market borrowers remotely can strengthen the lender/borrower relationship. Additionally, Haddad discusses the impact the COVID-19 crisis has had on credit underwriting, and finally he provides his insights into how the second half of 2020 and 2021 will look for asset-based lenders.

Sponsored By:
Michael Haddad
President, Capital Finance Division | Sterling National Bank
Michael Haddad serves as the President of the Capital Finance Division for Sterling National Bank.

Mr. Haddad joined the company from NewStar Business Credit, which was sold by NewStar to Sterling in March 2016. He founded CORE Business Credit in August 2007 and served as its Chairmen & Chief Executive Officer and then sold Core to NewStar in November 2010. Mr. Haddad has more than 35 years of leadership experience in the financial services and banking industry. He has successfully built market share and enhanced profitability at top-tier companies in both independent and regulated environments nationally and internationally on numerous occasions.

Previously, Mr. Haddad had co-founded Marquette Business Credit in early 2004 where he served as Executive Vice President. At Marquette he built a variety of product capabilities and total committed credit facilities exceeded $200 million in the first 16 months of operations. Prior to Marquette, Mr. Haddad was President and Chief Executive Officer of Guaranty Business Credit Corporation and its predecessor company Fidelity Funding Financial Group.

Mr. Haddad received his B.A. in Political Science and Accounting, and his M.B.A. from St. John's University in Accounting. Michael also serves on the Board of Directors of several organizations including the Commercial Finance Association and other not-for-profit entities.

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