Join our experts on this guided tour of the various borrowing options available to businesses, from both a business and legal perspective.
CHICAGO January 20, 2019
Many companies, and most of any size, use borrowed funds as part of their capital structure. Depending on the nature of the business, its size, time in business, whether it has adequate collateral, and other factors, a business has myriad options when borrowing funds.
This Financial Poise BORROWER OR LENDER BE 2019 webinar series provides a guided tour of the various borrowing options available to businesses, from both a business and legal perspective. Learn the advantages and disadvantages of different types of loans, how to select the right loan for your business, how to negotiate terms, and what happens in the event the loan is defaulted upon.
The first episode of the series, What Loan?, airs on January 24th at 3:00 PM CST (Register Here) and features Moderator Rebecca Fruchtman of Bank of America. She is joined by Jeffrey Bardos of Speritas Capital Partners, Christopher Horvay of Sugar Felsenthal Grais & Helsinger, and Alex Mazer of Big Shoulders Capital.
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.
The BORROWER OR LENDER BE 2019 webinar series is produced by Financial Poise.™ Other episodes in this series include “Basic Concepts Applicable to All Borrowers & Lenders” airing on February 21st, “Alternative Structures- PO Financing, Factoring & MCA ” airing on March 21st, and “Dealing With Defaults” airing on April 18th. Each episode airs at 3:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
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