Andrej Suskavcevic, CAE, Publisher
Brian P. Cove, Editor-in-Chief
Michele Ocejo, Executive Editor
Eileen M. Wubbe, Senior Editor
Aydan Savaser, Art Director
370 Seventh Avenue
New York, NY 10001
(212) 792 -9390 Fax: (212) 564-6053
Volume 66, Issue 4
Mohanna & Associates
305 W. Spring Creek Parkway
Building C, Suite 101
Plano, TX 75023
The Commercial Finance Association is the
trade group for the asset-based
lending arms of domestic and foreign
commercial banks, small and large
independent finance companies, floor
plan financing organizations, factoring
organizations and financing subsidiaries of
major industrial corporations.
The objectives of the Association are to
provide, through discussion and publication,
a forum for the consideration of inter- and
intra-industry ideas and opportunities;
to make available current information on
legislation and court decisions relating to
asset-based financial services; to improve
legal and operational procedures employed
by the industry; to furnish to the general
public information on the function and
significance of the industry in the credit
structure of the country; to encourage the
Association’s members, and their personnel,
in the performance of their social and
community responsibilities; and to promote,
through education, the sound development
of asset-based financial services.
The opinions and views expressed by
The Secured Lender’s contributing
editors and authors are their own and do
not necessarily express the magazine’s
viewpoint or position. Reprinting of any
material is prohibited without the express
written permission of The Secured Lender.
The Secured Lender, magazine of the
asset-based financial services industry (ISSN
0888-255X), is published 8 times per year
(Jan./Feb., March, April, May/June, July/Aug.,
September, October and November) for $28
per year member rate and $56 non-member
rate by Commercial Finance Association,
370 Seventh Avenue, New York, NY 10001.
Microfilm of back issues is available from
ProQuest Information and Learning, P.O. Box
1346, Ann Arbor, MI 48106-1346. Telephone:
(800) 521-0600. Periodicals postage paid at
New York, NY, and at additional mailing
offices. Postmaster, send address changes
to The Secured Lender, c/o Commercial
Finance Association, 370 Seventh Avenue,
New York, NY 10001.
Andrej Suskavcevic, CEO of the Commercial Finance Association, discusses
what makes America great, despite the challenges we face, and the upcoming
CFA events you won’t want to miss.
The latest issues affecting the asset-based lending and factoring industries,
including Equifax’s study on business failures and small business bankruptcies; a
study by the National Federation of Independent Businesses on small businesses
and recession; and research by Union Bank that details growing optimism among
small businesses in California.
Pull up a chair and find out what Goldberg Kohn’s Jonathan Cooper, Latham &
Watkin’s David Crumbaugh and Otterbourg’s David Morse have to say about the
latest trends in commercial finance law and how they see the ABL and factoring
markets from their perspective as leading commercial finance attorneys.
TSL Policy Watch
This department covers legislative, regulatory and legal issues of importance to the
asset-based lending and factoring industries. Topics covered include CFA’s position
on legislation to amend the Bankruptcy Code, and an update on the status of
efforts to ratify the UN Convention on the Assignment of Receivables.
Michael Richman of Patton Boggs LLP and Sean T. Scott of Mayer Brown LLP
discuss what changes they would like to see in the business bankruptcy
provisions of the federal Bankruptcy Code.
Burdale Capital Finance made its entry into the U.S. asset-based lending industry
in 2006, and has grown to become a recognized and respectable player in the
industry. CEO David Grende shares his insight on what to expect, as the industry
moves away from one of the most distressed economic cycles in 30 years.
Across the Pond
The editor of the UK-based Business Money magazine updates TSL readers on
what is going on in the UK and Europe.
The CFA Brief
70 Among CFA Members
72 Among CFA Education Foundation Members
73 CFA Chapter News
76 CFA Calendar
78 CFA Education