Senior stretch loan
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Such loans are suitable for two types of companies:
- Companies that have substantial asset base but do not have stable or predictable cash flows. For example, troubled or turnaround companies. Cash flow loans would be much smaller and more expensive for these companies.
- Companies with healthy cash flows but lower assets. In this case, a pure asset-based loan would be insufficient.
- "Is It Time For A Stretch Loan For Your Business". swiftmoney.com. Retrieved 2015-03-04.
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