There has also been an example of a security trusts being used in the context of asset-based lending transactions to secure interests in movable assets, accounts receivable and similar assets.
The company specialized in factoring, a high-cost, short-term commercial lending transaction in which it purchases other companies invoices and takes collections.
Dubbed as an interactive project management tool, the platform aims to create a "more efficient process" for all parties involved in a lending transaction.
The closing of a commercial lending transaction typically involves numerous documents, the point of which is often unclear to clients, and little understood by the lawyers themselves.
