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Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally
Asset-based lending refers to a loan or line of credit that is secured by collateral. Generally, secured loans and lines of credit offer more advantageous borrowing terms for business owners and ...
Asset-based lending is a form of credit used by businesses. It refers to a loan that is secured by the assets, meaning something of value, owned by the borrower. Companies typically use this to ...
eCapital, founded in 2006 and based in Miami, Florida, is a financial services company with operations spanning across Canada, the United Kingdom, and the United States. [1] [2] The company specializes in asset-based lending, freight factoring, invoice factoring, healthcare receivables financing, and payroll funding.
The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is one of the largest Small Business Administration lenders and one of the largest credit card issuers. It also provides asset–based lending to private equity firms and middle market companies.
A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
ABL's primary focus is on collateral and liquidity with leverage and cash flow being secondary considerations. Borrowings under an asset-based facility are limited by the collateral base, which is measured by liquidation value of accounts receivable, inventory and fixed assets rather than by reference to direct, ongoing cash generation capacity.
Equirex Leasing Corp., is a capital leasing (or asset-based lending) company with its headquarters in Oakville, Ontario, Canada. Founded in 1996, Equirex finances leases in every province in Canada. [2] The company serves multiple markets including agricultural leases, "B-Finance" capital leases, and industrial equipment leases.
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