About the Instructor
Joseph R. Caplan, CPA has been in the ABL profession since 1985 as a field examiner,
audit manager, ABL per diem examiner, seminar instructor and entrepreneur.
Mr. Caplan is a graduate of Drexel University in Philadelphia, with a duel degree in
accounting and finance. After graduation, Mr. Caplan served in Public accounting
with Laventhol & Horwath, having duties extended to include computer graphics
publishing for financial statements and computer training for newly hired staff.
After several years at Barclays American Business Credit (became Fleet Capital Corp.
and is now Bank of America Business Capital), as a
field examiner, Mr. Caplan became the Audit Manager at Perpetual Savings Bank, FSB,
managing a portfolio with $250MM of ABL transactions and $900MM of commercial loans.
As the S&L crisis emerged, Perpetual Savings Bank, FSB became the first account in
Mr. Caplan's former per diem field examination practice on
6/15/90. That practice evolved into Capital Acquisition Professionals,
Inc. (CAPi).
Some of the larger transactions have included turnarounds and spin-offs from companies
such as 3M, Forstman Little, Quanex, EECO, VF Corporation, Nichols Homeshield, G-Tech,
Pinkerton, and others. The largest transaction handled to date has been for
$300,000,000 of secured lines. Mr. Caplan's focus has been only Asset Based Lending
related and not traditional Accounting services such as: taxes, CPA audits, reviews,
compilations, financial planning, insurance, mutual funds, Etc.
When starting the per diem practice, Mr. Caplan conducted several local seminars in and
around Baltimore, Maryland to help banks understand the needs of Asset Based
Lending. The success of these presentations allowed Mr. Caplan to develop other
seminars including: Cash Flow Analysis for Asset Based Loans and the Intermediate
ABL Audit Seminar under the company name of Clear Choice Seminars,
Inc. Using computer generated slides, animations and music, the multimedia
presentation has evolved and been refined to keep the student's attention. The
course materials are written by Mr. Caplan, with programming, sound files and some
animations also done by Mr. Caplan.
In January of 1996, Mr. Caplan started FinSoft, LLC, a software
consulting Company that developed AssetWriter field examination software
and AssetReader aging analysis software. FinSoft, LLC also provides custom software solutions in Visual Basic, as well as database development and
maintenance in Oracle, Access, PCAnywhere, DB2, SQL, ODBC and other client/server
solutions.
Mr. Caplan holds several copyrights on written materials, course materials, white
papers and software designs. Other projects have included The
Asset Based Lender's Home Page and ABL-Help.
Why all Asset based Lending? "It's the greatest profession on
earth."
Summary of Products:
- Intermediate / Advanced ABL Audit Seminar (the #1 field examination class)
- Data Analysis Techniques for Auditors (the most advanced ABL course in the world)
- Cash Flow Analysis for Asset Based Lending (in-house only)
- Introduction to ABL Field Examinations (In-house only)
- Using AssetWriter Field Examination Software
- Using AssetReader ABL Data Analysis Software (the easiest to use and most complete ineligibles in ABL)
- ABL-Help (free computer help file for the ABL profession and the most complete list of ineligibles in the world)
Capital
Acquisition Professionals, Inc.
- Spin-offs
- EBITDA Analysis for cash flow loans
- New Business Surveys, particularly Hi-Tech, Spin-Offs, Computer Related Companies
- Problem Loans, Turn-Arounds, Work-Outs
- AssetWriter field examination software
- AssetReader AR Aging Analysis software
- Data analysis of agings, journals, inventory and reports for lenders
- Custom solutions using Visual Basic and Power Builder
- Research links for Asset Based Lenders
- Resource links for Asset Based Lenders
- White Papers on Asset Based Lending Topics
- On-Line help file that installs on PC's
- Includes over 150 ineligible explanation
- Includes detailed turnover calculations
- Includes a Glossary of over 750+ terms
- Includes detailed diagnostic tool for analysis of turnover (A/R, Inventory and A/P)
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