A senior stretch loan, or overadvance loan, is a hybrid debt instrument consisting of both asset-based loan and cash flow loan. == Borrowers == Such loans are suitable for two types of companies: Companies that have substantial asset base but do not have stable or predictable cash flows.
A senior stretch loan, or overadvance loan, is a hybrid debt instrument consisting of both asset-based loan and cash flow loan. == Borrowers == Such loans are suitable for two types of companies: Companies that have substantial asset base but do not have stable or predictable cash flows.
Source: Wikipedia "Senior stretch loan" · CC BY-SA 4.0
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