Running Against the Tide: Asset-Based Lenders Thrive Despite Credit Crisis
Secured Lender, The › Vol. 64 Nbr. 5, September 2008
Linked as:
Summary
The Commercial Finance Association has released its "2007 Asset-Based Lending and Factoring Surveys," revealing significant increases in outstanding loan volume within both industries. The top three industries utilizing asset-based lending in 2007 were retail, steel and food. However, these industries collectively represent less than a quarter of total outstanding loans, highlighting asset-based lending's relevance to a variety of industries. Year 2007 factoring growth was more consistent with years past, and continued its historical industry and geographic focus. The textile/apparel market represented 54% of factoring activity in 2007, with the heaviest concentration in the Northeast.
See the full content of this document
Extract
Running Against the Tide: Asset-Based Lenders Thrive Despite Credit Crisis
The Commercial Finance Association has released its "2007 Asset-Based Lending and Factoring Surveys," revealing significant increases in outstanding loan volum...
See the full content of this document
Sponsored links
