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Asset-based lending options for small business

 

In today’s challenging economic environment, many companies are taking a hard look at their liquidity. Some businesses are choosing to work with financial professionals, such as asset-based lenders, to improve their liquidity position for the short and long term, according to Yvonne Kizner, senior vice president of asset-based lending here at Cambridge Savings Bank, in this podcast.

Listen as Kizner discusses:

  • What the term “relationship lending” means and why it’s so important right now.
  • Trends in the asset-based lending (ABL) space, specifically as they relate to the impact of Covid-19.
  • Qualities banks should have to succeed in a changing business landscape.
  • How Cambridge Savings Bank has helped clients through liquidity crunches, supply chain issues, increases in pricing for raw materials, needing to prepay for supplies, and other challenges.
  • What to look for if you’re seeking a new banking relationship.
  • How the PPP and Main Street loans impacted the ABL market.