In these more difficult economic times, businesses are turning to less traditional and more flexible sources for financing, such as asset based lending (ABL). ABL is quickly becoming a more popular and mainstream choice for companies in need of working capital. Our lawyers act for both asset-based lenders and factoring companies and for borrowers in the wholesale, distribution, manufacturing and service business.
We are practical, timely and resourceful in our approach to our client's challenges. We advise on all aspects of an ABL or factoring transaction, including on structuring appropriate security requirements, managing legal due diligence processes, drafting and negotiating legal documentation and managing and directing closing and funding.