Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The result of limiting dividends and buybacks among banks will be to increase bank capital. This, along with the recent swelling of deposits, is putting added pressure on banks to boost earning assets, which can be helped by adding high-quality, short-term consumer assets to the books.
Visit Garnet at Booth #912! Plus Garnet's own Dan Arlotta will be on the panel: "Debt Sales: Optimizing your Recoveries through Debt Sales". Lending and banking are converging. Make sense of this new world at LendIt Fintech USA where fintech leaders gather to connect and reimagine the future of finance.
For sellers of commercial loans, portfolio assessments and sale decisions have been upended due to economic and public-health considerations around COVID-19. Garnet developed its COVID-19 Vulnerability Assessment Model (“COVAM”) to help lenders identify COVID-19 related exposures which may impact both credit decisions and secondary-market loan sale projects.
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?