We are live blogging from the New York Staffing Association’s (NYSA) panel on the lending climate for staffing firms. The panel consists of experts from the banking and alternative lending industry. Topics include current trends in lending and types of borrowing options available. Follow the stream of updates below.
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Thank you to @NewYorkStaffing for putting on a great event and to @MorganStanley for sponsoring #NYSALending
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Thank you to all: Ed Sirlin @signaturebankny, Keith Kirkland @kkirkland116, Paul Mehring @access_capital & William Sanchez #nysalending
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Sponsor @MorganStanley says that working with middle market #Staffing owners to help them grow their companies is their goal. #NYSALending
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Every bank & lender is different. Important to look around to find the best fit for your company says Ed Sirlin. #nysalending
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Moderator Ed Sirlin (@signaturebankny) has opened the @NewYorkStaffing event floor to questions. #NYSALending
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William Sanchez @cheznyc67 says traditional banks generally require a personal guarantee before lending to #staffing industry. #NYSALending
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RT @newyorkstaffing: Thank you to our generous sponsors @morganstanley for today's event on The Current Lending Climate. #NYSALending
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Staffing industry is becoming stronger, allowing traditional banks to enhance participation in the industry says W Sanchez #nysalending
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Traditional banks like BOA look primarily at cash flow and collateral says William Sanchez @cheznyc67. #nysalending pic.twitter.com/nmBPCyRV
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Asset based lenders evaluate risk differently than traditional banks says Paul Mehring @Access_Capital. #NYSALending
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#Staffing industry has experienced a strong couple of years of growth says Paul Mehring. Banks having hard time keeping up. #NYSALending
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Historical financials aren't only factor for #financing says Paul Mehring. Also important to look at projected growth #nysalending
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"Entrepreneurs are relationship driven and in it for the long term" says Paul Mehring @Access_Capital #NYSALending
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Staffing industry increasingly looking for alts to traditional bank lending for their #financing needs says @kkirkland116 #nysalending
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Organic growth is best indicator of current marketplace says @kkirkland116 #nysalending pic.twitter.com/y6ixhnS1
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What is current lending climate? @kkirkland116 says that climate is changing and that there is no longer a standard credit box #nysalending
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Panelists #NYSALending: K Kirkland @keithkirkland116 w Presidential Fin, Paul Mehring @Access_Capital, William Sanchez @cheznyc67 w BOA
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You can also follow our real-time coverage of the @newyorkstaffing #nysalending event on our blog at: blog.receivablesxchange.com/blog/a-view-of…
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Ed Sirlin with @signaturebankny is our moderator today. #nysalending pic.twitter.com/Y7odXZHg
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The @NewYorkStaffing #nysalending event is getting ready to kick off at the @morganstanley building in Times Square. pic.twitter.com/7YoMgxKK
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See you at 9am as we live tweet from the @NewYorkStaffing Industry Lending Climate Forum! #nysalending
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Join us tomorrow as we live tweet from the @NewYorkStaffing Industry Lending Climate Forum. #NYSALending #staffing
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@Receivables will be live tweeting from the @NewYorkStaffing Industry Lending Climate Forum. See you Wednesday 9/19 at 9am! #NYSALending
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