Asset-Based Finance

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Asset-Based Finance

The practice of making a loan secured by an asset. While, in theory, many loans are asset-based mortgages, the term most commonly applies to loans secured by something unusual, such as accounts receivable or intellectual property. Businesses take out most asset-based loans and pledge something used in the conduct of their businesses as collateral, such as inventory. As with all secured loans, asset-based loans have lower interest rates than unsecured loans. The practice is also called asset-based lending.
References in periodicals archive ?
Monroe Capital Llc has said that it has established a new business vertical, Retail and Consumer Products Asset Based Lending.
We are delighted to welcome Edward on board to help us increase awareness of and access to alternative nance in the region, particularly asset based lending.
Doucette brings over twenty years of commercial banking experience, including asset based lending and commercial lending.
Previously the preserve of large companies with lots of assets such as property and plant, asset based lending has now become a popular choice for many firms who need to raise capital.
The goal is to supercharge sales and help asset based lending and factoring salespeople thrive in the digital age.
Flynn's direction as the Asset Based Lending Department Manager at TD Bank, N.
The first step for any business looking to use asset based lending is to take expert advice.
ABN Amro has announced a plan to offer asset based lending services for businesses in the UK.
Haverfield has joined SunTrust as managing director and group head for its asset based lending loan production offices.
Speaking at our third ABL conference in London this week, both Kate Sharp, chief executive or the Asset Based Finance Association (ABFA) and Colin Haig, head of the asset based lending team at PricewaterhouseCoopers, spoke of some of the opportunities now on offer and urged the asset based lending industry to take full advantage of them.
PrinSource Business Credit is an asset based lending organization that will provide lines of credit starting from $350,000.
Mike Scolaro, MD, BMO Harris Bank Asset Based Lending, said, 'Derrick is a proven leader in the Twin Cities market.