Image via Wikipedia"There are some firms that would be better credit risks than others," Henderson said. "The thing that makes law firms different from a company that makes products is their ability to offer security for a loan. About all a firm has to offer is their accounts receivable, and a lending institution, particularly in today's market, is going to take a hard look at that."
Tuesday, November 18, 2008
LawBizBlog
Labels:
Accounts receivable,
Business,
Company,
Credit,
Financial Services,
Law,
Law firm,
Loan
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