In an interview, Martin McKinley, president of Wells Fargo Business Credit, shared his thoughts on new borrowers to the industry, his outlook on the economy and the reasons for his company's success. According to McKinley, their industry and their businesses have changed dramatically, certainly since he joined. So much has changed with electronic transmission of data. However, some things don't change. And that is their adherence to the fundamental disciplines of what they do. McKinley added that he doesn't know that they're seeing new industries, but they're seeing different classes of potential borrowers. And they're seeing a lot of companies in that industry that have very solid balance sheets with a lot of staying power being pushed out by their banks. He also said that for this year, he thinks what they're seeing is what probably a lot of people are seeing, and that is a much higher level of business failures than in prior years.