Behind the Deal: The Hustler 50 Monster and the 48-hour close
Same idea as a home equity loan, with one difference. A business needed $150K in working capital. They owned a 50-foot Hustler powerboat outright. ABL released the equity from the boat, funded the deal, and held the asset for the loan term. The security was the boat, not the family home. The Asset 50-foot Hustler […]