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Asset-Based Lending |
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Asset-Based Lending The practice of making a loan secured by an asset. While, in theory, many loans are asset-based mortgages are a prime example 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 that is used to conduct their businesses, such as inventory, as collateral. As with all secured loans, asset-based loans have lower interest rates than unsecured loans. The practice is also called asset-based finance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Surprisingly, most of us are not aware of options like accounts receivable financing, cash advances, private-money and hard-money lenders, asset-based lending, equipment sale-leasebacks, and unsecured loans. The key aspects of the proposal were: (1) to raise the small-bank asset threshold from $250 million to $500 million thereby allowing more banks to benefit from streamlined CRA evaluations; and (2) to allow examiners to reduce a depository institution's CRA rating if the institution engaged in a pattern or practice of abusive asset-based lending. Back in 1994, when Bank of America purchased Continental Bank, Continental's asset-based lending unit disappeared. |
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