Firms With Collateral Gain an Edge

Jessica SarterBoeFly In The News

wsj

Companies that hold tangible assets like buildings or other types of property are getting a first look by banks, even when their cash flow and creditworthiness aren’t as strong as businesses with less collateral.

BoeFly.com, which connects lenders to borrowers, says many of the 570 institutions that use its service are favoring loan applications from restaurants, hotels, manufacturers, retailers and real-estate companies, all of which are typically asset-heavy. “That doesn’t mean they’re getting the loans, but they are getting a look,” says BoeFly Chief Executive Bobby Tannenhauser.

Read More - Wall Street Journal