Asset-based lending enables buyers to secure loans against the business's assets. Finding a partner with money can provide the necessary funds while allowing the buyer to manage and run the business.
Despite strong US retail sales and labor market data strengthening speculations of a slower decline in US interest rates in the upcoming months, the demand for the yellow metal remained firm.
Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider.
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