Projects that can be funded by CCMB: Asset-Based
Asset-based funding is where the funding outlaid to a third-party is secured by an asset. For example, Capital Corp Merchant Banking would disburse funding to a group and secures an asset with a mortgage till the funding is paid in full. Should the company default on its obligations during funding then the asset would be foreclosed. Asset-based lending is commonly offered by a variety of sources, from banks to investment groups. There would, of course, be difference in the