President Trump has followed through on his campaign promise to introduce or increase tariffs on over fifty nations. Tariffs are more likely to impact large corporations with overseas supply chains, not our service-oriented companies in the core middle market. Only 7% of our firmwide portfolio has a significant direct exposure to tariffs. We emphasize the importance of disciplined underwriting and conservative loan structuring, even as other lenders have relaxed their standards to win business. For...Continue Reading