Triumph, formerly known as Triumph Business Capital (TBC) was highlighted in the July issue of SF Net’s “The Secured Lender Magazine,” an industry publication focused on the finance and alternative finance space. The most recent edition, which focused on ABLs and factoring companies, emphasized growth trends by product segment within secured and alternative financiers for 2020 and 2021.
According to the cover article, the factoring companies acknowledged collectively accounted for nearly $122B in total volume in 2021.
This analysis of the landscape of secured and alternative finance is based on four factors: the data found in SF Net’s separate, annual participant surveys for asset-based lending (ABL) and factoring, as well as the personal submissions of ABL companies and factoring companies. All personal stats submitted by company representatives were cross-referenced with data compiled by Refinitiv, a global leader in financial market data.
Among the companies who submitted data to be included in this issue, TBC achieved the highest volume in 2021 with year-over-year growth of 54.35 percent. SF Net has been conducting an annual ABL and factoring survey to examine year-to-year activity since 1976. Since then, the SF Net Data Committee annually publishes and shares the findings of the survey to the network’s members.
This inaugural issue allowed the committee members to explore the insights from the surveys and stats reported by companies through the context of what happened economically during that time period.
FROM THE ARTICLE
“Events of the past 24 months have challenged drawing any conclusions about business borrowing patterns or trends,” said Terry Keating, a member of SF Net’s Data Committee. “It is, however, clear from the data that factoring is a flexible and durable form of working capital liquidity for businesses operating in various situations and adapts well to a changing macro environment.”
To read the full article, click here.