| About The Author |
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Donald F. Clarke, President and Chairman of Asset Based Lending Consultants, Inc.(ABLC) headquartered in Hollywood, FL.
Formed in 1988, ABLC regional offices in New York, Los Angeles, London and Miami is a Corporate Financial Consulting firm with most of the major United States banks as its clientele. ABLC provides technical assistance on corporate loans (mostly asset based transactions) and in fiscal year ended 2009, assisted banks on loans aggregating $5 billion, worldwide.
Senior instructor and member of the faculty of Commercial Finance Associate Field Examiners’ School (CFA). Over the 25-year period has taught over 5,000 students nationally and internationally on secured lending disciplines. In 1993 he was presented with the prestigious “Excellence in Education Award”. President of Don Clarke Seminars in Hollywood, Florida, Mr. Clarke has also conducted seminars extensively in England and Ireland for such major European financial institutions as Lloyds Bank (London), National Westminster Bank (London), Barclays Bank (London), Bank of Ireland (Dublin) and General Electric Capital (London and Sydney, Australia). These seminars covered asset based lending policies and procedures, with focus on account management, field examinations, underwriting, financial statement analysis, collateral analysis and operations. He served on faculty of the Graduate School of Banking at Louisiana State University in Baton Rouge, Louisiana in 1992. Recognized as one of the experts in the field of asset based lending disciplines, Mr. Clarke was interviewed by the Wall Street Journal’s banking correspondent and was quoted in the articles “Lending Woes Stunt Growth of Small Firms”, November 16, 1995 and “Financial Firms Targeting Small Business Are On The Rise”, August 6, 1996. Mr. Clarke was commissioned by the Environmental Protection Agency (”EPA”) in 1996 to assess the relevance of asset-based financing for small companies attempting to commercialize innovative, environmentally preferable products. Donald F. Clarke was solicited by Robert Morris and Associates to write an article on his field of expertise to be published by the Journal of Commercial Lending. The article titled “The Myth Of The Blanket Lien” was read by approximately 50,000 lenders and received national acclaim. Mr. Clarke also received acclaim for the article “The Anatomy of a Fraud” published by The Secured Lender in December 1996. He was Vice President, Chief Financial Officer and Chief Credit Officer of Southeast Bank Leasing Company, a subsidiary of Southeast Bank from 1986 to 1988. Responsible for managing in excess of $130 million in leased assets, Mr. Clarke was given lending authority of $1 million and supervised a staff of 30 people.
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