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Asset-based loans are the most common form of finance among closely held companies.
Often lenders are unwilling to loan on the basis of a company’s cash flow – or loan on terms the company finds acceptable – leaving collateral based loans – secured by the company’s equipment, inventory, receivables or other assets – as the only form of capital available to the company.
Each type of collateral loan has a different structure and its own nuances that may help the company sustain operations and grow, or prove to be an operational hindrance.
This program provides a practical guide to structuring, reviewing and drafting for asset-based loans.
Part 1 topics include:
July 12, 2018 1:00 PM Eastern
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00