Hennessey Capital Expert Discussion Asset Based Lending 919

Mary Kramer, Publisher, Crain's Detroit Business and Toby Dahm, Senior VP, Hennessey Capital discuss Asset Based Lending

Asset-based lending is a credit line based on various asset classes such as accounts receivable, inventory, equipment or real estate. Asset-based lending is often used as a stepping stone to traditional bank financing by allowing businesses to establish a sound financial track record. This type of financing also provides flexibility to fuel business growth.

The Facts on Asset-Based Lending
• Up to $2.5 million in commitment amount
• Up to 85% advance on A/R and 50% on inventory
• Provides immediate working capital liquidity
• Succession financing to factoring or restructuring of bank debt
• Ability to partner with equipment and real estate lenders

Category:

Science & Technology

Tags:

• lending
• loans
• business
• finance
• Capital (economics)
• credit
• Debits and credits
• Loan