Financial Poise
Business Borrowing Basics - What Kind of Loan

What Kind of Loan? 2020

In a broad sense, most loans can be divided into two basic types: an asset-based loan (ABL) and a cash flow loan. An ABL is made by a lender who underwrites the loan primarily by valuing the company’s assets, such as accounts receivable (A/R) and inventory. An ABL lender underwrites a loan based on the ability to liquidate its collateral should it need to. A “cash flow” lender, in contrast, while also secured against the borrower’s assets, underwrites the loan primarily based on the cash flow and general credit-worthiness of the borrower. The distinction between these types of loans is only the beginning of understanding the many types of loans available to a business, because within each of the two types there are many subtypes. This webinar takes the audience through a guided tour of the various borrowing options available to businesses, from both a business and legal perspective, to paint the overall landscape of the different types of lenders that exist and to provide a framework for understanding what type of lender and loan may make sense for any particular borrower.


Webinar Faculty

Moderator:

Hajar Jouglaf
Hajar Jouglaf

Hajar Jouglaf is an associate at Sugar Felsenthal Grais & Helsinger who collaborates with clients to identify and resolve critical issues when dealing with distressed situations. Hajar also sits on… Read More

Panelists:

Alex Mazer
Alex Mazer

As Vice President at Big Shoulders Capital, Alex Mazer focuses on deal sourcing and underwriting. Originally from Baltimore, Maryland, Mr. Mazer moved to Chicago in 2009 to run a consumer… Read More

No Headshot Available
Harvey Gross

Harvey Gross is the founder and president of HSG Services Inc. He was formerly a Vice President with NationsBanc where he was wholesale credit manager, wholesale team leader and account executive. He… Read More

No Headshot Available
Phillip Buffington

Phil Buffington joined Adams and Reese in 2011 and serves as Leader of the Financial Services Team, and is a Partner in the Transactions Practice Group. For more than 30 years, Phil has… Read More

>