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  • Asset-based Lending Complements Companies Self-generated Cashflow - Executiveview. com: As the credit crunch rolls on, the press regularly reports stories of companies struggling to obtain, or even renew, debt facilities on sensible terms. Periodically, conventional debt markets experience tightening of underwriting standards driven by credit losses. Financial directors are working hard to minimise funding needs via cost-cutting, asset sales, equity raising and/or tighter control of working capital.
  • The Role of ABL in Today's Challenging Economy - Executiveview. com: The UK is currently experiencing one of its longest (and deepest) recessions since WW2. As a result, lending to businesses of all sizes is contracting, putting ever greater pressure on those firms struggling under the weight of too much debt.
  • Facilitating Turnarounds with Asset-based Lending - Executiveview. com: In these turbulent economic times, stakeholders are focused on preserving their interests in troubled businesses and, if possible, putting them back on a viable footing. Traditional lenders are reassessing their lending criteria, leaving many company directors searching for a ready-made solution to secure ongoing financing or to help address their cash-flow concerns.

June 4th

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    BlueCrest to shut asset-based lending fund-sources - Reuters

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