What is an Asset Based loan?
Asset-based lending refers to any type of financing that is secured by tangible assets, including inventory, machinery or accounts receivables.
Asset-based lending is easier to get approved for, as tangible collateral reduces risk for the lender.
What types of assets can be considered?
The loan amount your business qualifies for is proportionate to your outstanding receivables — the more you invoice, the higher you’ll be able to borrow.
Inventory may serve as collateral for asset-based lending — the inventory is appraised to determine its value, and that value can be used to secure your loan.
Manufacturing equipment, vehicles, commercial kitchen appliances, computer systems— machinery or equipment your business owns can be used as collateral.
Retail or manufacturing space, land owned or other real estate property can be considered a eligible asset
Start the easy process to receive an asset-based loan
Step 1. Complete the application
Our quick and simple application can be filled out online with your basic business details
Step 2. Provide asset documents
Your account executive dedicated to your loan will review all options for you
Step 3. Receive funds
Once you choose the option you prefer, funds are deposited into your account