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Practicing attorney (about 25 years)// reader (about 50 books a year)// amateur historian// big fan of audio books// former New Yorker (Brooklyn), now ex-pat in the Midwest// Dad to 3, Husband to 1// Write fiction the old-fashioned way, longhand//

Business > Finance & Insurance Explaining accounts receivable financing

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"Commercial finance" (a term that is interchangeable with "asset-based lending"), is the business of making loans to businesses. Commercial finance companies, generally separate from banks, are also referred to as "asset-based lenders." Since all business lending is based on either the assets of the borrower or the income-producing potential of those assets, or both, the term "asset-based lending" might appear as meaningless, but in fact asset-based lenders use the term to distinguish themselves from traditional commercial banks, and to refer implicitly to the large and specialized back-of...

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