Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The trucking industry may be humming, but weak companies in the industry that leveraged up in last year's boom are now experiencing difficulty. And credit unions and banks holding these assets may need to consider selling these underperforming assets while the general market is still positive.
Lenders must be wary of lending on assets that have government regulatory involvement, such as taxi medallions. As such, prudent lending should always be done on an individual basis. Any distressed taxi loans should be dealt with swiftly, and Garnet Capital can help.
Garnet is proud to be an exhibitor at this premiere venue to discuss the leading trends, issues and solutions in the equipment finance industry.
Money20/20 is where the Payments, Banking, Fintech and Financial Services ecosystem unites to create a simpler, fairer, faster and more inclusive financial system for individuals, businesses, and society as a whole. It’s the premier event where leaders – representing every sector of the industry – come to seize new business opportunities, build connections, discover new companies and learn the latest disruptions.
Garnet Capital is proud to be an exhibitor at this premier industry event, bringing together the best and brightest executives in auto lending and leasing for unparalleled networking and education.
RMA Magazine Article, November 2018
Small businesses have always had a harder time securing financing than their larger brethren, but these challenges have grown even worse in recent years. As economic conditions have improved, fledgling firms have been seeking additional capital to invest and expand. While demand for credit from this sector is growing, many banks are reluctant to provide them the financing they need. Where else can they turn?
The compliance environment for debt sales has evolved significantly over the years. Focusing on several material components provides a framework for understanding these developments, including how information security, government agencies’ debt sales guidelines and the types of debt involved, have progressed.