Asset-based lending (ABL)
Lending sized and secured against receivables, inventory and other working assets rather than cash flow.
See also: Borrowing base
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Randeep Bubbra | Lawyer | Making defence financeable
InfraDefence Weekly
The week in defence finance, read from the filings.
Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.
Working on a financing like this? Book 20 minutes with Randeep to see how it compares.