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By RHETT ROWE I recently had the opportunity to participate in a panel discussion with The Secured Lender Magazine for its November issue with four of my regional colleagues. The topic examines the state of today’s asset-based lending industry. Our panel discussion covered a wide range of topics, including some of the unique challenges and…

Roundup highlights B2B partners that support startups across all business functions and empower growth TROY, Mich. – Nov. 1, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing nonbank asset-based financing companies, was honored today as Inc. Business Media announced the inaugural Power Partner Awards, honoring B2B organizations across the globe that have…

TROY, Mich., Sept. 14, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing nonbank asset-based financing companies, has announced the appointment of Greg Nelson as the company’s Regional Director. Nelson brings to Great Lakes Business Credit more than 20 years of senior-level financial and banking experience, particularly in the commercial and asset-based lending…

With Inflation running at around 8% in both the U.S. and Europe, growth is starting to slow down, prompting fears of a recession. That has led to some economic institutions, including the World Bank, to warn of “stagflation” lurking in the background. The term, a mash-up of stagnation and inflation, was popularized in the 1970s…

As we move into spring and the pandemic continues to wind down, businesses are returning to more normal operations. But now, with inflation a growing concern (7.9% in February), how can businesses best protect their financing costs? To deal with higher costs, more businesses have been taking out loans. In a survey by the U.S….

Get ready for a year of rising interest rates, precipitated by the Federal Reserve as a way of fighting off inflation, and bolstered by a bevy of financial press and investor reports. Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge…