How to Obtain Liquidity from Your Existing Assets through Asset-Based Lending
This webinar will teach attendees best practices for obtaining liquidity from existing assets through asset-based lending. Attendees will learn how to use asset-based financing to grow and expand their business.
Why Should You Attend: Businesses need additional cash for many reasons such as general working capital, geographical expansions, product expansions, new or replacement equipment purchases, extraordinary favorable purchase opportunities, debt pay-downs, repayment of maturing debt, business acquisitions, facility expansions or improvements, and other reasons. It is no secret that traditional institutional lenders have severely tightened their lending requirements and reduced the amounts that they will lend even to proven past or present borrowers. Of course, much of this tightening has been as a result of pressure by the various governmental regulators that oversee (and in some cases, insure) the operations of these institutional lenders. This situation creates a problem for growing businesses that need cash in order to continue and to expand their businesses. This webinar will provide a roadmap to non-institutional sources of asset-based financing that can be tapped to meet your company’s financing needs.
Areas Covered in the Webinar:
Which assets can be used as collateral by an asset-based lender? How asset-based lending fits in with your other business financing. How to use asset-based financing to grow and expand your business. How much cash you can expect to obtain from an asset-based lender. How to estimate how much an asset-based loan will cost you. Typical terms of asset-based loans. Special terminology used in asset-based lending. How to be aware up front regarding which potential assets will most likely be acceptable to stand as collateral for an asset-based loan and which potential assets will not. What to expect during lender collateral audits. Any special considerations that you should keep in mind when considering whether or not to encumber your assets as collateral for an asset-based loan. How to find an asset-based lender. The best ways to deal with an asset-based lender.
Who Will Benefit:
All Business Owners and Managers Chief Financial Officers Internal Accountants External Accountants New business producers Finance businesses that offer or are interested in offering assetbased financing.
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