Meaning Asset based loan
What does Asset based loan mean? Here you find 3 meanings of the word Asset based loan. You can also add a definition of Asset based loan yourself
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Asset based loanAsset based loans allow the borrower to pledge a specific asset or a combination of assets, such as inventory, machinery or equipment, as collateral to cover a loan.
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Asset based loanIt is a short term loan that is secured by the company’s assets such as inventory, real estate, equipment or accounts receivable. Most are paid back when the asset that secures the loan is converted t [..]
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Asset based loanAsset based loan is a business loan in which the borrower pledges as loan collateral any assets used in the conduct of his or her business. Funds are used for business-related expenses. All asset- based loans are secured.
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