PHOENIX -- Bank of America Arizona is offering asset-based business lending, opening up bank financing to companies that might not otherwise qualify under the bank's traditional underwriting criteria.

Asset-based financing involves using assets such as receivables, inventory, equipment, or real estate as collateral to secure the line of credit or term loan. The financing typically involves a $750,000 to $3 million line of credit for a period of 18 months to three years.

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