Definitions for "Asset Based Lending"
A business loan where the borrower pledges as coll... more
Asset based lending refers to a financial service whereby the provider will fund against a range of assets within their customer's business e.g. sales invoices, property, plant and machinery and stock.
A loan to an individual or company collateralized by a specific asset or group of assets. Typically asset based loans do not require real property as collateral.
the loaning of money on the value of assets offered as security.  The lender is protected from loss by the liquidation value of the asset.