The financing landscape in the year ahead—and beyond
Meanwhile, new credit commitments originated by asset-based lenders in the fourth quarter were up 6.6 percent, and 55 percent of asset-based lenders reported an increase in credit commitments in the fourth quarter.
“As we have maintained throughout the recession and credit crisis, asset-based lenders will continue to lead the way as a primary source of working and growth capital for U.S. businesses as the economy hopefully moves in a positive direction,” notes Brian Cove, the CFA’s Chief Operating Officer.
Tracy Eden is the national marketing director for Commercial Finance Group (CFG), which has offices throughout the U.S. and Canada. CFG provides creative financing solutions to businesses that may not qualify for traditional financing. Visit www.cfgroup.net or contact Tracy at email@example.com.