Direct lenders vs. banks. Will the trend of private credit taking share from the broadly syndicated loan market continue to be an unstoppable force, or is the pendulum swinging back toward the banks? Vice Chairman and Co-Head of Senior Lending Randy Schwimmer shared his perspective this week on the opening panel at Debtwire’s Private Credit Forum. As Randy shared at the forum, private credit and banks play different and complementary roles in the financing ecosystem. While there is competition – particularly in the upper middle market - we’re also often providing financing in concert.
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Floating rate investments have become a more attractive product in the current rate environment, and floating rate CLO debt as well as the underlying collateral consisting of broadly syndicated loans are both currently in demand. However, this strong bid from CLO issuance has contributed to an elevated bank loan price environment, increasing the difficulty of finding relative value in the current market. Read more from our collateralized loan obligations portfolio management team in our recent Quarterly Insights, Chris Kappas, Daniel Green, and Michael Sterne, https://bit.ly/4fpFPpZ
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FAQ: How do non-traditional lenders assess creditworthiness differently from banks? Non-traditional lenders assess creditworthiness beyond just credit scores, using algorithms to consider a wider range of data like rent, utility and bill payments.
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Join Bank Advisors this Thursday, March 7th, as we discuss your options for C&I, Working Capital, and Asset-Based loan diligence. This webinar is designed for Chief Credit Officers, Credit Analysts, and Commercial Lenders. 🗓️ Thursday, March 7th ⏰ 2:30 - 3:00 pm CST 👉 https://lnkd.in/ez28JMup To learn more about Bank Advisors, please visit BankAdvisorsLtd.com this week. #Webinar #Banking #CommercialLending #BankAdvisors #Bankers #Banks #AssetBasedLending
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Heartland revises FY2024 profit guidance amid challenges - BusinessDesk: ... Bank to issues affecting legacy lending, and the expected impact of the acquisition of Challenger Bank. The new guidance range for NPAT is $93 ...
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If you have a business bank account elsewhere and are tired of wasting money on fees, this is for you... In case you missed it, Gateway's earnings credit on Analysis Business Checking accounts has increased to 5% — the highest rate around — to help our customers keep more of their hard-earned revenue. This earnings credit covers all monthly transaction fees for almost all our customers, saving the average account owner over $1,400 per year! Learn more and see how much you could be saving at https://buff.ly/3vzlGvl.
Why Gateway Bank? Save Money With The Highest Earnings Credit Around
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Banks are scoring big in the loan market, while private credit firms play tough defense. Direct lenders are repricing loans to intercept banks' passes, but can't match the lower rates. 📉 Direct lenders are pushing back and asking for more call protection, to deter borrowers from refinancing their loans with competitors. For now, the BSL market is a clear threat, especially if M&A activity doesn’t pick up… 👉 Read now — https://lnkd.in/gJkKxQZz #privatecredit #debtcapitalmarkets #directlending
Direct lenders sweeten terms to keep banks at bay
9fin.com
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At SFG, we truly believe in the power of financial innovation. 🌐💡That's why we ensure our clients have access to non-traditional bank loan products too! When traditional banks don't meet your unique needs, we step into the gap to tailor solutions just for you. With SFG, you're not confined by conventional banking regulations. 🌈💼 Whether for business investments or personal projects, our non-traditional loans provide the freedom to pursue what truly matters to you. We're committed to financial flexibility and supporting your journey to success. 🚀🏆 #SpeaksFinancialGroup #FinancialFreedom #NonTraditionalLoans
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We're hosting a webinar tomorrow afternoon with Bank Director focused on how ag lenders can mitigate risk in their ag lending portfolios while continuing to meet the needs of their ag clients. Click the link below to register, and comment with your specific questions. https://ow.ly/qxWW50RsLCN
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Facing fierce competition and changing borrower needs? So was Peoples Bank. They turned to Coviance to transform their lending operations. Here's how →
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In an increasingly competitive direct lending landscape, deal origination is critical to achieving consistent returns across the asset class. This month, Laura Vaughan, CFA, Head of Direct Lending in our Private Credit team spoke with Investment & Pensions Europe (IPE)'s Carlo Svaluto Moreolo, sharing her insights into our origination approach which is built around a series of bank partnerships that afford us access to some of the most attractive deals in our preferred segment. This sustains a pipeline of high-quality loans, which allows us to take a highly selective approach to the borrowers we choose to lend to, and consider loan opportunities not accessible to any other direct lenders. Read the feature in the latest edition of IPE or online here: [subscription required] https://lnkd.in/eCxCqy-2 #privatecredit #directlending #origination #partnership For professional investors only. Capital at risk.
How banks are joining forces with private credit managers
ipe.com
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