Asset-based lending holds steady in US
The asset-based lending market held steady in the third quarter amid positive developments in the US economy such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network (SFNet). But while hope continues for a soft landing, overall confidence took a hit because of lingering concern about interest rates, consumer financial stress and an upward trend in commercial bankruptcies.
SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for…
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