If you have heard the term “Asset Based Lending” and aren’t quite sure exactly what that means, then you have come to the right place. In this article we will go over 2016 Asset Based Lending which is a type of commercial lending program where commercial borrowers can secure a commercial loan based on the assets of the business. There are many different types of assets that can be used and for 2016 Asset Based Lending we can use the following items:
– Inventory on-hand that is owned outright without a lien or debt attached
– Accounts Receivable which is money owed to the business for goods or services rendered and scheduled to be paid back accordingly
– Equipment that the business owns outright that does not have a debt or lien attached to it
– Real Estate, Land, or Buildings that the business owns and operates out of
If you would like to finish this article written by Bob Vogel, you can find it here: http://www.loanconsultants.org/2016-asse...nding.html Bob Vogel is the Editor in Chief for Loan Consultants, http://www.loanconsultants.org, Editor in Chief for Credit Fix Advisors http://www.creditfixadvisors.com, a senior writer for Gustan Cho Associates, and also Chief Moderator for Lending Network USA, http://www.lendingnetwork.org.