In this episode of Stride 2 Freedom, we had a chance to talk to Nabil Istafanous, an SVP at Celtic Capital, a non-bank financier providing asset-based lending to clients. What is asset-based lending, otherwise known as ABL? ABL is when a lender provides financing secured against assets like equipment, inventory, or accounts receivable. Because Celtic is a non-bank lender, they work with companies that may not be bankable by traditionally strict bank institutions.
What’s so cool about Nabil is he has highly varied professional experience that gives him a great perspective. He has a law degree, ran compliance for a major health insurer, owned his own financing company, and then joined Celtic. His style is to understand the goal of the client very clearly before proposing that ABL is the right financing solution. I appreciate that about him.
I enjoyed our discussion very much and think you will too! We talk about non-ABL forms of financing as well. In uncertain times, knowing where the pockets of money reside is pretty important and valuable.
In this Freedom Speaker Series episode with Nabil Istafanous, you will learn:
- Why Celtic is so busy right now (no surprise — we’re in COVID armageddon)
- How to evaluate your business for ABL as a financing option
- Other forms of non-traditional financing (e.g. revenue loans)
- How much it costs to finance through a non-bank channel like Celtic
We are fortunate to have Nabile available to spend time with us on this edition of Stride 2 Freedom and leaning into the topics on the minds of all of us. If there is a speaker you’d like us to interview, click here and let us know. Stay well. Stay safe. Stay healthy.