asset-based lending


A secured business loan in which the borrower pledges as collateral any assets used in the conduct of his/her business. also called commercial finance or asset-based finance.

Use asset-based lending in a sentence

In the case of an asset-based lending, the borrower would be the one to pledge, which was pretty interesting to us.

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You should always make sure that you have thought things through before you decide to do an asset-based lending to someone you don't know well.

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Since Joe owned a few properties and a vacation home, the bank determined his new loan amount using asset-based lending. This was Joe was able to get his large loan.

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Termination Statement reserve