By Corey Pierce
Commercial finance is one of the many options available to entrepreneurs seeking capital to start or grow an existing business. This sort of financing is also referred to as asset-based lending, meaning that it is a secured business loan. The borrower guarantees the loan by giving up business assets as collateral for the loan. Another popular phrase for commercial finance is asset-based finance. Read the rest of this entry »
By Kent Harlan
The invoice factoring industry is expected to grow substantially as the economy continues to soften. The threat of a recession will likely increase demand for the service. The onslaught of the sub-prime mortgage crisis and the high rate of adjustable rate mortgage resets in the next two years are added variables to an already slowing economy.
As companies confront a tight credit market coupled with lower than expected results, many CFOs are viewing asset based lending as a viable option in the financing tool kit. Even successful companies with strong banking relationships can quickly fall out of favor with lenders and lose access to unsecured financing, especially if they’ve shown recent losses. A few bad quarterly results doesn’t necessarily mean that a company is in bad Read the rest of this entry »
Bridging finance, also referred to as “bridge loans” and “bridging loans”, have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged. The word “bridge” conveys the fact that the loan is designed to Read the rest of this entry »