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The article reports on the significance of asset-based lending and factoring to small business borrowers in Long Island, New York. Asset-based lending offers funds based on raw materials inventory while in factoring a lender lends against a borrower's accounts receivable. According to Scott Bernstein, principal at asset-based lender SB Capital Group in Great Neck, several companies are getting turned down by a traditional bank and switch to alternative bank for loans.

The article announces that Scott Bernstein was appointed Vice President of production at Universal Pictures.

Discusses the plan of Scott Bernstein of Chicago's Center for Neighborhood Technology, to launch a pilot lending program that allows city homebuyers to borrow more. Risk faced by primary lenders participating the project; Financial support from the U.S. Environmental Protection Agency (EPA); How the incentive can also be in a bank's best interest.