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Asset Based Lending Enjoy A Renaissance. Once considered the “ugly stepsister" of commercial finance, asset based lending (ABL) is enjoying a major renaissance, coming back to prominence with a splash. While calling this a “rebirth” may be a bit dramatic, asset based financing is doing quite well, thank you.
During the recent recession, businesses, large and small, became asset-rich, but working capital poor, as revenues declined. With traditional bank commercial loans reduced to a slow trickle, companies endured working capital shortages. Enter asset based lending to save the day. Businesses with equipment can turn these assets into working capital with asset based financing. Offering this equipment as collateral for asset based loans to a veteran lender eliminates classic financing criteria requiring superior cash flow and outstanding credit.
Apple Capital Group, Inc, is a commercial finance company that specialize in asset based loan program in the US and Canada. For more information, check out our website at http://www.applecapitalgroup.com or call use at 866-611-7457. Check out our daily small business blog by http://blog.applecapitalgroup.com
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