Business Credit Frequently Asked Questions
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 [...]
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 [...]
In commercial lending, the credit worthiness of the borrower is the deciding factor in getting a loan. In contrast, an ABL line looks at the credit worthiness of the borrower’s [...]