Daniel Stacy's Blog – March 2009 Archive (1)

ABL (Asset Based Lending) and why a staffing company should stay away from the stuff……..

Recently, I’ve came across a few deals where my prospect has an asset based deal in place in order to fund the operations of their company. Simply put, asset based lending is a lending relationship where the lending is secured by the asset of a company. In my industry (staffing) the asset is often the company’s account receivable but can include the building the company operates out of (if they own it) and/or office equipment (again if they own it). However, if the staffing agency’s AR looks a… Continue

Added by Daniel Stacy on March 23, 2009 at 11:14am — No Comments

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