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Financing an expensive boat at a marine dealership for year-round use is very different from getting a loan to buy a used boat from a private owner for weekend fishing trips.
As of 2023, Birmingham has two Fortune 500 public companies: Regions Financial Corporation and Vulcan Materials Company. [1] Multiple other Birmingham companies rank in the top 1000. Private companies with revenue over one billion
The Brunswick Boat Group is an American pleasure boat manufacturer. Headquartered in Knoxville, Tennessee , United States , it is the largest maker of such craft in the world. Net sales were US$ 1.7 billion in 2008, [ 2 ] and US$ 1.0 billion in 2012.
More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. Typically, the different types of asset-based loans include accounts receivable financing, inventory financing, equipment financing, or real estate financing. [1]
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