BizSugar.com › Finance › Asset-based Lending Steps into the Limelight - AOL Small Business

With banks unwilling to lend to any but the most credit-worthy businesses, small businesses are increasingly turning to asset-based lending as a source for capital to fill orders and expand. The Wall Street Journal reports that in 2008, according to figures from the Commercial Finance Association (www.cfa.com), asset-based loans other than mortgages grew by 8.3% to almost $600 billion. And in the third quarter of 2009, asset-based lending by 19 of the largest asset-based lenders increased 29% compared to the prior quarter.