Asset-based lending (ABL) is a financial strategy in which the assets owned by the borrower backs a loan. ABL differs from typical loans because it enables firms to use their assets as collateral to obtain finance rather than relying exclusively on creditworthiness. ABL provides organizations with significant assets but limited access to traditional funding with […]
How Does Asset Based Lending Work
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12 months ago
Asset-based lending (ABL) is a financial strategy in which the assets owned by the borrower backs a loan. ABL differs from typical loans because it enables firms to use their assets as collateral to obtain finance rather than relying exclusively on creditworthiness. ABL provides organizations with significant assets but limited access to traditional funding with […]
How Factoring Protects Your Business From Bank Collapse
2 years ago
Factoring can protect your business from bank collapse. Not only are banks less likely than they have ever been to extend credit to small enterprises, but the current state of the financial system makes obtaining credit from a bank more difficult. Depending on your circumstances factoring may be a more viable solution. Why Factoring Is […]
What Is An Asset-Based Loan?
2 years ago
To navigate the cut-throat financial landscape of running a company, business owners need access to reliable, fast, and flexible lending solutions. Traditional bank loans have a mountain of qualification criteria to overcome, meaning many businesses (especially startups and small businesses) struggle to qualify. There are numerous useful alternatives to traditional lending, one being asset-based lending. […]