Six Myths About Asset-Based Loans
- Topics:
- Commercial Lending
- Tags:
- Asset,
- Asset Based Loan,
- Asset Management,
- Business Operations,
- Finance,
- Investment,
- Operational Planning
- Source:
- Youngstown Publishing Company
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Overview: Since its inception, the asset-based lending industry has been plagued by a pervasive image that asset-based loans are inherently bad. Asset-based loans are flexible, versatile, and competitively priced. Today, asset-based loans are a fundamental financing solution offered by many lenders, including the major money-center banks. The article discusses six myths about asset-based loans. These are financially healthy companies don’t use asset-based loans, there’s a stigma attached to going from unsecured to an asset-based loan, asset-based loans focus solely on liquidation value, reporting requirements for asset-based loans are daunting. All these have been discussed in detail. Clearly, the asset-based lending industry has evolved considerably over the past two decades. Even over the last few years. While the image of the product still may lag behind the present day reality, asset-based loans remain a stable, steady source of financing for a variety of companies and circumstances.
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Format: HTML | Date: Jun 2003 | Pages: 1
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