Attended the commercial finance associations annual meeting in NYC this month. Highest attended event in a number of years. There was a good balance of asset based lenders, factors, distressed equity investors, investment bankers and service providers in attendance.
Overall there was a strong positive vibe from the attendees as many seemed to be active with deals. Seems the lending markets for deals above $20 million is opening with rate spreads falling. Good news for borrowers. Below that level there are few lenders, capital business credit being one Also seemed like many institutions are considering adding staff after a number of non hiring years.
There were a number of presentations with topics covering private equity transactions, current legal issues, etc. I participated in a discussion on current and future state of factoring. Given Capital Business Credit's focus on supply chain financing using a cadre of products including trade finance, asset based, and factoring we were well received. Our solutions based approach coupled with a non regulated entrepreneurial run company really resonated with the crowd.