Six Myths About Asset-Based Loans
- Topics:
- Commercial Lending
- Tags:
- Asset,
- Asset Based Loan,
- Asset Management,
- Business Operations,
- Finance,
- Investment,
- Operational Planning
- Source:
- Bank of America Business Capital
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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. This view was born during a time when “prestigious” companies simply didn’t do securing a loan with collateral and asset-based loans were offered only by a handful of lesser-known lenders. However, many of the common perceptions about asset-based loans are, in fact, misconceptions. Asset-based loans are flexible, versatile and competitively priced. All kinds of companies—big and small, old and new—now use them for an array of liquidity needs. Today, asset-based loans are a fundamental financing solution offered by many lenders, including the major money-center banks. In spite of wider acceptance and growing demand, myths about asset-based loans still persist. This article explains six of the most prevalent myths and the reasons why they need not give potential buyers a pause.
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Format: HTML | Date: Jan 2003 | Pages: 1
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