02/12/2019
Sugar Felsenthal Grais & Helsinger LLP is pleased to announce that Christopher Horvay spoke at a West LegalEdcenter webinar series titled “BORROWER OR LENDER BE 2019: What Kind of Loan?"
In a broad sense, most loans can be divided into two basics 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 sub-types.
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. Click here for more information.