By David Peress, Executive Vice President, Hilco Retail Services

As lenders developed Asset-Based Lending models in the early 1990s, it quickly became apparent that retailers and consumer products companies were prime candidates for this type of financing. These companies typically had meaningful investments in working capital assets—inventory and accounts receivable. The development of professional asset-disposition platforms provided asset based lenders a clear line of sight to an exit in the event of a default through the liquidation of these assets.

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