Asset Based Loans

Typically, an asset-based loans are a type of loan that uses assets, such as real estate, bank accounts, equipment, and other assets owned by the business owner to secure the loan with the lender.

The borrower must first secure the asset in question and then submit applications for a loan with the appropriate financial institution. Once approved, funds will be transferred into the account and used for any purpose specified by the lender. Typical uses for asset-based lending include purchases of property or vehicles, starting businesses, funding long-term investments, and more.

Learn how an asset based loan can help your business grow by completing our 15-second online application. 

There are several benefits to asset-based loans that make them an ideal choice for some borrowers.

Some of the key advantages include:

1) Easy Application Process - With a few short questions, you can easily determine if you fit into one of the approved categories and then complete an online application process.

2) Flexible Terms - You have the flexibility to choose how long your loan will last, which is important if you want to avoid high monthly payments or extend repayment options over time.

3) Low Risk - Unlike traditional loans where your credit score impacts your borrowing eligibility, asset-based loans do not require any up front financial requirements other than having accessible assets. This makes it easier for people who may have difficulty getting approval from traditional lenders due to Credit issues or poor credit history.

To learn how you can obtain an asset based loan for your business. Complete our 15-second online application today.