Detail Asset-Based Financing Basics   Oleh:  Modansky, Robert A. ; Massimino, Jerome P. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 212 no. 2 (Aug. 2011), page 40-44. Topik: Security Interests; Accounts Receivable; Revolving Credit; Borrowing Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.31 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In general terms, asset-based lending is any kind of borrowing secured by an asset of the company. This article will consider asset-based lending to mean loans to businesses that are secured by trade accounts receivable or inventory. Asset-based lenders focus on the quality of collateral rather than on credit ratings. Borrowers pledge receivables, inventory and equipment as collateral. Banks typically do not accept transactions with debt-to-worth ratios higher than four or five to one. Asset-based lenders that are either nonbanks or separate subsidiaries of banks are not subject to such constraints. A revolver is a line of credit established by the lender for a maximum amount. Revolvers are used by retailers, wholesalers, distributors and manufacturers. Purchase order financing can be used by companies with limited working capital availability who receive an unusually large order from a customer and, as a result, need additional funds to provide materials and labor to manufacture or supply its product. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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