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Is asset-based lending such as a revolver a common type of financing?

April 26, 2017asset-based common financing lending Revolver type

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Is asset-based lending such as a revolver a common type of financing?

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Absolutely. According to the Commercial Finance Association, asset-based lending is over a $200 billion market. The users of asset-based lending span a broad range of industries, with manufacturers representing approximately 31% of the total marketplace, followed by wholesalers (28%), and retailers (17%). By revenues, the large majority of these borrowers (71%) are under $50 million in size.