Asset-based loans offer firms flexibility to grow: some find rates as favorable as what they'd get from banks.
San Diego Business Journal › November 21, 2005
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Asset-based loans offer firms flexibility to grow: some find rates as favorable as what they'd get from banks.
SMS Technologies, a San Diego-based contract electronics manufacturer, has revenues that should reach $68 million this year, yet the growing company doesn't have a conventional bank loan.
When it comes to financing materials to manufacture a variety of high-tech products, SMS, whose revenues will increase about $10 million from last year, uses a $13.5 million line of credit through Wachovia Bank's asset-based lending division. For SMS, ...See the full content of this document
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