The Commercial Finance Association (CFA) has released its Quarterly Asset-Based Lending Index for the fourth quarter of 2009, revealing continued stability and signs that US businesses are seeking alternative sources of stable funding. In the fourth quarter of 2009, total committed credit lines grew by 1.2% among asset-based lenders, while 50% of respondents reported an increase in new credit commitments. However, the CFA warns that action is needed to ensure asset-based lenders continue to have access to capital.
CFA Sees Continued Stability in ABL in the United States Anonymous The Secured Lender; Apr 2010; 66, 3; Docstoc pg. 12 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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