When you are unable to raise funds through the typical unsecured or mortgage secured bank methods on time, we offer loans where collateral such as accounts receivables, equipment, machinery or inventory can be used.
The time it takes to apply such an asset-based loan is typically less than that of banks. Interest rates on asset-based loans are lower than those of unsecured loans because it is secured by your assets. This is also the reason that larger loan amounts can be reached.
Asset-based loans are ideal for the borrower when a business requires immediate capital when future cash flows are expected. They present a highly advantageous solution for businesses to maximize the value of their assets and allow instant access to cash.