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Asset Based Lending-What you need to know? (MLCO42A)
Know about Assets that are going to be your Primary Source of Repayment
To start with, let us delve into what exactly Asset-based Lending is all about. They are generally based on assets – accounts receivable and inventory that are used as collateral. As you will be putting your future revenue in line to gain access to money at this instant, the Asset-based lenders will advance funds based on the agreed percentage of secured assets’ value. This percentage is somewhere between 70-80% of eligible receivables and 50% of finished inventory. In this webinar, expert speaker David Sawyer is not going to encourage you to start an Asset-based Lending Department at your bank. However, he would explain you how those assets you lend against are your primary source of repayment. Asset-based Lending is designed to address the short-term financial needs and allow you as a lender to monetize the assets on Balance Sheet.
The assets that David will be talking about in this session are:
Determining the dilution rate is it increasing or decreasing?
Machinery, equipment and other fixed assets
How to calculate and determine the value of a client’s inventory?
Asset- based lending & pricing
Collateral audits – what will they determine in the lending process?
Understanding the legal issues according to the UCC filing codes and practices
You will have a unique lending or credit analysis experience in the session and get a basic understanding of financial statements analysis, and loan structuring for business.
Designed to address Short-Term financing needs by allowing borrowers to monetize the assets on the balance sheet.
Asset Conversion Cycle.
Understanding how to utilize and understand the customer’s Revolving Line and Borrowing Base.
Learning the 4 important factors of Asset Based Pricing in the Lending Phase.
How to correctly identify mishaps during the Collateral Audit.
Identifying the Control Factors during the lending and accounting phases.
Perform post-closing UCC lien searches to insure banks lien position
The importance of Insuring of Credit and Accounts Receivables.
Recommendations regarding the Asset Lending Process.
Who Should Attend?
Small to Medium sized firms that are thinly capitalized but has a strong asset base should attend this seminar. Also, firms that are in cyclical industries, new firms lacking a long operating history to qualify for conventional bank financing Commercial Loan Officers, Business Development Representatives, Branch Managers, Business Credit Analysts, Risk Managers of Real Estate companies and FIs, Accountants and Auditors will benefit from this session.
Also any type of firm where there is discomfort with relying upon Accounts Receivable, Inventory and Equipment as the primary base of collateral and Any type of firm where the bank feels more comfortable taking Real Estate as collateral although the primary source of repayment will come from the conversion of Current Assets, are welcome in this seminar.
Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.
David Sawyer's experience in banking began in 1981 in the area of credit administration with Central Bank of the South. Since that time he has served in the capacity of senior lender, senior credit officer and president and CEO of a community bank and two regional bank affiliates. His banking ex...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.