Tip #4: Asset-backed borrowing may be the only game for many entrepreneurial companies, as long as the bankers are kept buzzing about the need for "credit-risk premiums," a "flight to quality," and other euphemisms for reducing their risk. Don't thing in narrow terms for your business. An asset backed loan can be anything from a home equity line of credit or an SBA deal that is backed by your kids' college savings account. So in some cases for some businesses, you may need to resort to asset-backed borrowing.
