What is an asset-based loan?
Asset-Based Loans were created to use the equity within the assets owned by the business. Our underwriting offers financing based on the Fair Liquidation Value (FLV) of Free and Clear assets. You can use a truck, a building, even the kitchen sink (well, not just a sink, we need the refrigerator too). We use a simple formula to calculate the equity or value in the asset and we lend up to 50% of that! See, no hard math or complex transaction. If the asset has value and we can leverage that value. We lend on it. Asset classes include: Exotic Vehicles, Jewelry, Art, Real Estate, Boats, Commercial Marine Vessels, Accounts Receivables, Invoices, Government Contracts, Heavy Equipment, and for special situations we can pre-qualify the asset and make an offer. We offer simple to understand terms and easy renewal process so you can receive between $5,000 and $500,000. Faster than a bank, simpler to obtain, and easier to build your business with an asset based loan.
Asset-Based Loan Details
- Working capital from $5K – $500K
- No set terms
- 24 hour approval
- Early payoff discounts
- Easy Renewal Process
- Approval not solely credit based
- Fast, Free, no obligation quote
- FICO Down to 550
- Most Business Assets Accepted