Asset-Based Lending

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Briggs and Morgan’s Asset-Based Lending attorneys possess a keen understanding of the business objectives and unique legal issues present in asset-based lending transactions and are highly skilled and experienced in representing asset-based lenders. Our clients include national banks, regional banks, leasing companies and non-bank commercial finance companies, and we regularly represent them in direct loans, club deals and larger syndicated facilities.

As more commercial banks and commercial finance companies compete to extend credit, asset-based transactions have increased in both size and complexity. With a distinguished local practice and national presence, Briggs’ Asset-Based Lending Group has a wealth of experience protecting our clients in connection with all aspects of asset-based lending, including structuring transactions, conducting due diligence, creating and perfecting security interests in all types of collateral, working out and restructuring problem credits, and enforcing creditors’ rights. Our team is highly knowledgeable about Revised Article 9 of the Uniform Commercial Code (UCC) and regularly guides clients through all aspects of its procedures and rules.

With exceptional bench strength, our business-minded team of attorneys values cost-effective solutions, striving to appropriately staff each matter. Housed within Briggs’ full-service corporate practice, our team seamlessly collaborates with other practice groups when needed, including tax, real estate, securities, intellectual property, energy law, labor and employment law, ERISA, environmental law and corporate law.

Briggs and Morgan clients rest assured knowing that we understand the nature of asset-based lending and how to deal with both ordinary and challenging collateral types. We have done deals across a variety of industries, including electronics, finance, tobacco, petroleum (refining and distribution), heavy equipment, retail (bricks and mortar, and online), alcohol, consulting and professional services, manufacturing, automotive, software, agricultural and food products, telecommunications and transportation.

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