TITLE

ASSET-BASED LENDERS: Choice for Small Firms?

AUTHOR(S)
Philbrick, Sam
PUB. DATE
January 2004
SOURCE
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p52
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In this article the author examines various options that small and medium size businesses (SMEs) have when looking for financing. Due to lenders being well capitalized and credit markets having greater liquidity, banks have begun to compete aggressively for small and medium sized companies who are looking to borrow money. The author adds that private equity groups have also entered the market of providing loans to SMEs, giving business owners another viable option. These private equity lenders offer several advantages over banks such as greater growth potential and better premiums. The author notes that SMEs play a crucial role in the economy, they fuel economic growth through ingenuity, product improvements and service developments.
ACCESSION #
11853845

 

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