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Asset-Based Lending: A Practical Guide to Secured Financing (7th Edition)

Author(s): John Francis Hilson
Practice Area: Banking and finance
Published: Aug 2011
Supplement Date: Aug 2014 i Other versions can be found in the Related Items tab.
ISBN: 9781402416408
PLI Item #: 35135

“A polished gem that deftly brings into focus the major issues.”
– The Secured Lender

In today’s economic climate, credit is very tight and many companies can no longer get an unsecured loan. Understanding the concepts and the requirements of using company assets to secure necessary financing is now vital for all in-house counsel and their law firm advisers.

Asset-Based Lending: A Practical Guide to Secured Financing provides step-by-step coverage of the current techniques, documents, risks, and protections at the heart of this complex specialty. This hands-on resource clearly:

  • explains the features, uses, mechanics, and upsides and downsides of every available secured financing technique
  • covers the asset categories, including accounts receivable, inventory, and equipment and fixture financing, and
  • instructs you on how to draft the full range of pertinent documents, with the aid of checklists and ready-to-use sample provisions and agreements.

Asset-Based Lending also guides you on how to accurately assess a borrower’s solvency before initiating a deal • plan for bankruptcy risks when analyzing secured loans • resolve conflicts between lead lenders and loan participants • and reduce lenders’ liability exposure to environmental, securities, and tax laws.

Packed with over thirty forms and checklists, Asset-Based Lending: A Practical Guide to Secured Financing is an important tool for every attorney, executive, business professional, and public official involved in secured financing.

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John Francis Hilson is a partner in the Los Angeles office of Paul, Hastings, Janofsky & Walker LLP. His practice areas include assetbased finance, commercial finance, secured and unsecured finance, loan workouts, letters of credit, interest and usury, and foreclosures. Mr. Hilson represents major financial institutions in the negotiation, documentation, and closing of complex finance transactions. He has written for the Uniform Commercial Code Law Journal and the National Law Journal and has lectured extensively before many groups, including the American Bar Association, the Bank Lending Institute, the Commercial Finance Association, Practising Law Institute, and the Strategic Research Institute.  Admitted to practice in California and Massachusetts, he is a member of the American Law Institute; a Fellow (and former Member of the Board of Regents) of the American College of Commercial Finance Lawyers; Member of the ABA Uniform Commercial Code Committee; Past President and Member of the Board of Governors (and Member of its Executive Committee) of the Financial Lawyers Conference; and Member of the ABA Commercial Financial Services Committee. He has been selected as a leading banking and finance lawyer by Chambers Global for 2006 (Level 1 Ranking), identified as a leading banking lawyer in Who’s Who Legal, and identified as a highly recommended banking and finance lawyer in Global Counsel 3000.  Mr. Hilson received his J.D. from the University of Colorado Law School, where he was Comments Editor of the University of Colorado Law Review. He received his B.A. from Boston University.