Thursday, May 27, 2010
What’s the difference between “Middle Market” and “ABL”?
For most banks and finance companies with more than $1 billion in assets, commercial lending is typically segmented into Large Corporate, Middle Market, and Business Banking. “Middle Market” and these other segments are generally understood to describe a type of borrower, whereas “ABL” (asset based lending) refers to a type of loan.
Thursday, April 29, 2010
Boston Commercial Bankers Have Money to Lend
Banks in and around Boston have money to lend and are looking for deals. Interest rates on revolving lines of credit are currently pricing at LIBOR + 350 for commitments of $2 million to $10 million, and as low as LIBOR +175 for larger deals.
Tuesday, April 27, 2010
ABL Lenders: More of the Same in 2010
There were not a lot of positive signals from the lenders gathered this morning at the Langham Hotel in Boston for TMA’s annual “Asset-Based Lending Panel”.