Leveraged buyout financing (LBO) is typically provided for the strategic purchase of other product lines, divisions, or companies. It can also be used for, but not limited to, management buyouts, acquisitions, divestitures, valuations and refinancing. Leveraged buyout financing usually takes the form of cash flow lending that is underwritten based on the strength and sustainability of your cash flows. Cash flow loans are another alternative to asset-based loans for companies that have predictable and historically sustainable cash flows, operating performance and enterprise value based on brand, franchise value, technology, or customer base.