How to Get Asset Based Loans For Your Business
Asset-based financing involves lending money using the borrower's assets such as inventory, accounts receivable, equipment, or other property, as collateral for the loan.
How asset based loans work
The asset-based financing serves businesses, not consumers and is often used by small to mid-sized businesses to cover short-term cash flow obligations. If a business is seeking a loan but cannot show proof of enough cash flow or cash assets to cover the loan, the lender may offer to approve the loan using its physical assets as collateral.
The terms and conditions of an asset-based loan often depends on the type and value of the assets offered as collateral. Lenders prefer highly liquid securities that can readily be converted to cash if the borrower defaults on the loan repayments.
Loans using physical assets are considered riskier, so the maximum loan will normally be less than the value of the assets. Interest rates charged on asset-based loans are lower than rates on unsecured loans and, depends on the applicant's credit history, cash flow, and length of time doing business.
Get Asset Based Loans for Your Business
Now you can get up to 100% asset based loans for your business. Ready, willing, and able to fund viable businesses with assets to be used as collateral worldwide.
Funding range: US$1 million minimum (No maximum)
Frequently asked questions regarding our offer of asset based loans financing
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