Asset-Based Finance

(redirected from Asset Based Lending)
Also found in: Acronyms.

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 ?
is a Los Angeles based non-bank financial services firm specializing in factoring, asset based lending and SBA lending.
Simon Woodcock, director of asset based lending at Bank of Scotland, says that high levels of available liquidity in the funding market currently is creating strong demand from businesses for tailored rather than off-the-shelf solutions.
" Asset based lending" Asset based lending blends invoicenance blends invoice nance with funds releases against other business assets, such as ness assets, such as stock, property, plant and machinery.
- How to leverage eProspecting for asset based lending and factoring sales in the Internet age;
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.
Receivables financing for most providers is the core component of an asset based lending facility.
Santander Bank has announced that it has appointed Brian Schwinn to serve as head of the bank's asset based lending (ABL) and restructuring finance business in its Commercial Banking division, the company said.
MB Business Capital is the asset based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois.
Asset based lending can be a fantastic form of finance for owner managed businesses, but beware of the small print.
BANKING AND CREDIT NEWS-July 12, 2018--Santander Bank names Commercial Banking's head of Asset Based Lending and Restructuring Finance
M2 EQUITYBITES-July 12, 2018--Santander Bank names Commercial Banking's head of Asset Based Lending and Restructuring Finance
Global Banking News-July 12, 2018--Santander Bank names Commercial Banking's head of Asset Based Lending and Restructuring Finance