AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Lenders Of Nearly Last Resort Offer Lifeline -- But At A Price They exact higher rates, but also levy more fees, boost compliance costs.(A)(ECONOMY IN PERSPECTIVE)
Byline: STEVE WATKINS
Banks are tightening up, and investors are so skittish you can't tap the public markets for capital. What's a CFO to do?
More and more, they're turning to financing secured by some of the borrower's assets.
Those can be receivables, equipment or inventory, says Peter Schwab. He's president of Foothill Capital, a lender based in Santa Monica, Calif., with $4 billion in loans outstanding.
The amount of such financing has nearly tripled in just six years, even though compliance and other covenants can be a burden to the borrower.
The Commercial Finance Association says lenders had $343 billion in such outstanding loans at the end of 2000 vs. $117 billion in 1994.
A loan can range from less than $250,000 to more than $1 billion, according to the association.
- Commercial finance companies have banner year. (Los Angeles, California firms)...
- Magazine article from: Los Angeles Business Journal Nodell, Bobbi November 2, 1992 700+ words
...stopped making loans," Schwab said. Big L.A. players in commercial finance include large national...Pasadena and Barclays. Schwab's Foothill Capital and...largest player in the commercial finance market, made an $800...
- Madresh and Sandler Take Top Officer Spots At Commercial Finance Association.
- Press release article from: PR Newswire November 4, 1998 700+ words
...Nov. 4 /PRNewswire/ -- The Commercial Finance Association (CFA) announced...NY; Vice President Peter E. Schwab, president and chief operating...com. Founded in 1944, the Commercial Finance Association is the trade group...
- Banking & Finance. (Newsmakers).(board of the Commercial Finance Association,...
- Magazine article from: Los Angeles Business Journal December 16, 2002 700+ words
...development. He previously was executive vice president. Peter Schwab, chairman and chief executive of Foothill Capital Corp...Monica, has been appointed chairman of the board of the Commercial Finance Association, a trade association of banks and finance companies...
- Tygris Commercial Finance Group, Inc. Launched With Over $1.75 Billion in...
- Press release article from: PR Newswire May 20, 2008 700+ words
Newly Formed Commercial Finance Company Created to Support...Capital Raise Ever in the U.S. Commercial Finance Sector Tygris to Acquire US...20 /PRNewswire/ -- Tygris Commercial Finance Group, Inc. ("Tygris...
- Ge Commercial Finance Continues Its Growth With The Acquisition Of Five Arrows...
- Press release article from: M2 Presswire May 6, 2008 700+ words
M2 PRESSWIRE-6 May 2008-GE Commercial Finance: Ge Commercial Finance Continues Its Growth With The Acquisition Of Five Arrows Commercial Finance Ltd(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:06052008 Reigate: GE Commercial Finance...
- Banks heat up competition in commercial finance.
- Magazine article from: Daily News Record Doherty, Bryan February 4, 1986 700+ words
...Banks Heat Up Competition in Commercial Finance Having accumulated huge...biggest competition for commercial finance companies, according to...Pollicino, president of the commercial finance unit of CIT Financial Corp...
- GE Commercial Finance Provides $28 Million in Financing to Renovate and Reopen...
- Press release article from: Business Wire March 3, 2005 700+ words
NORWALK, Conn. -- GE Commercial Finance announced it has arranged...Gardens, combined with GE Commercial Finance's expertise, has restored...funding was arranged by GE Commercial Finance's Sports & Entertainment...
- GE Commercial Finance Acquires IT Financing Company; Deal Announced To Acquire...
- Press release article from: Business Wire October 26, 2004 700+ words
DANBURY, Conn. -- GE Commercial Finance, the business-to-business...acquisition of Bay4 Capital, GE Commercial Finance will offer new and existing...business will be called GE Commercial Finance, Technology Finance and...