What Type of Company Qualifies for Asset-Based Lending?
A company must have an asset that the lender would be able to recoup funds with if the borrower were to default on the loan. Industries that would qualify are [...]
How Is Asset-Based Lending Different from Factoring?
In factoring, a business sells its accounts receivables at a discount. Factoring is not a loan, it is the purchase of an asset. Asset-based lending is an actual loan that [...]