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Recent Asset Based Lending News:
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After making their founders billionaires, buyout specialists such as Carlyle Group and KKR & Co. are turning into asset managers that run hedge funds and strip malls as fresh capital and takeover targets become scarce.
Washington Trust’s Commercial & Industrial Lending Group has provided a $2,000,000 asset-based revolving line of credit to John R. Hess & Company, Inc., a distributor and marketer of a broad line of specialty chemicals located in Cranston, R.I.
Growth in credit line utilization and outstandings highlight First Quarter for reporting asset-based lenders (PRWeb May 26, 2011) Read the full story at http://www.prweb.com/releases/2011/5/prweb8487292.htm
Sue Drawdy, a licensed mortgage advisor at All California Mortgage, sees a new sign of recovery in the lending market, as lenders expand eligibility requirements to include income other than W-2 information.
EquipmentEngine launches a comprehensive suite of free tools and resources supporting asset managers in the equipment leasing and asset-based lending industries. (PRWeb May 16, 2011) Read the full story at http://www.prweb.com/releases/2011/5/prweb8429305.htm
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