Citibank, NA (NYSE: C) has said that it has hired a senior vice president for asset-based finance
In a UK-wide survey of 2,000 SMEs, including over 103 from across Wales, Lloyds TSB Commercial Finance questioned firms about their understanding and awareness of a range of sources of finance including overdrafts, Governmentbacked schemes like Funding for Lending and asset-based finance
products such as factoring, invoice discounting and asset-based lending.
Advantages of asset-based finance
The growing popularity of asset based finance products - invoice discounting, factoring and asset based lending - is largely due to the fact that these products can provide unique benefits and added support that traditional loan or overdraft structures do not offer.
A LEADING Tory campaigner is calling for regulation over asset-based finance
firms after his company collapsed into administration.
could come into its own as the world financial crisis worsens, a Midland lawyer has predicted.
Fleet's Wholesale Banking division provides commercial lending, syndications, leasing, cash management, asset-based finance
, foreign exchange and interest rate derivatives to corporate clients.
The firm had recently hired Jeff Royston as a senior vice president with the aim of expanding the bank's asset-based finance
team in Los Angeles.
Steve went on to highlight a core advantage of asset-based finance
at a time when some customers drag their heels when it comes to settling invoices.
2 008 was a landmark year for the asset-based finance
industry and 2009 is likely to follow suit.