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Asset-Based Lending |
Also found in: Wikipedia | 0.01 sec. |
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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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but it is extremely important to work with a seasoned banker who thoroughly understands how asset-based lending works and takes the time to know your business. COSi's new comprehensive debt package includes asset-based lending facilities provided by Venture Structured Finance. As its name implies, asset-based lending focuses more on collateral asset values for structuring loan availability, flexibility and even financing creativity for middle-market companies that historically relied on more traditional commercial bank financing. |
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