TITLE

Seeking Financing? Consider Asset-Based Loans

AUTHOR(S)
Kreft, Ira J.; Allweiss, Allan D.
PUB. DATE
September 2002
SOURCE
Financial Executive;Sep2002, Vol. 18 Issue 6, p47
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the authors' perspective on asset-based loans. They believe they can be less burdensome but more efficient and flexible for a company to borrow and still operate freely. There are several advantages over a cash flow loan such as greater borrowing capacity. Asset-based lending also remains available during an economic downturn even amidst bank consolidation that is affecting other loan markets. The default of many cash flow loans during the 1990s has prompted banks to increase the availability of other types of loans. INSET: Why Consider Asset-Based Financing?.
ACCESSION #
11873035

 

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