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Nav CEO On Breaking SMB Financing’s ‘Black Box’

PYMNTS

Those businesses ran the gamut from manufacturing to financial services, the latter being Lendio. The electrocution, he noted, was an unusually unique feature, but the experience of securing financing for SMBs was not. Without credit from his own suppliers in early days, King said, his first manufacturing business would have failed.

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Reframing financial uncertainty with data and AI

Future CFO

"Everyone else in the company is trying to meet their KPIs, grab whatever they can find on the table, and pretty much have zero already got a risk, right? From our perspective, we see the company demand, and it's about securing supply, finding the right customers, and, you know, all of my colleagues out there trying to choose deals," he adds.

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Transcript: Armen Panossian

Barry Ritholtz

00:19:38 [Speaker Changed] And one of the areas where the banks were very active with those reserves was buying AA securities and the widest spread AAA securities were CLOs. And it’s a, a reasonable way to do financing depending on what risk level the, the bar the lender wants to assume.

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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

Sean Dobson has really had a fascinating career as a real estate investor, starting pretty much at the bottom and working his way up to becoming a investor in a variety of mortgage backed securities, individual homes, commercial real estate, really all aspects of the finding, buying and investing in, in real estate. Anything else?

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Transcript: Ken Kencel

Barry Ritholtz

In their case, it was called Chase Securities, it’s now JPMorgan Securities. KENCEL: — and the ability of banks to consolidate and form their own investment banking and their own securities businesses led banks to effectively was a higher margin business, right? RITHOLTZ: Heard of them. So what do we mean by that?

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Transcript: Jeffrey Sherman, DoubleLine

Barry Ritholtz

That seems like a a no brainer trade for not taking credit risk right now. I think building the chip plants, getting our own security, that direction and being a preeminent player there is extremely important. But it’s manufactured somewhere else, right? You know, they trade a hundred over.

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