Small Business Loans

Using Business Asset Based Lending to Grow Your Company

Business Asset Based Lending

Business-Asset-Based-Lending

Using Business Asset Based Lending to Grow Your Company

If you are looking to expand your business and take it to the next level, business asset based lending may be a good option for you. Business asset based lending is a good option for businesses that are often seasonal and generate a lot of invoices. For example, a construction company will do contracting work for their clients and often have a net 30 to net 90-day window before they are paid back. Sometimes a business can’t wait 90 days to be paid back. After all, they still have to keep the lights on! That is where business asset based lending comes into play.

The Many Forms of Business Asset Based Lending

Traditional Bank Loans

Banks can provide a business with an asset-based loan; however, it will come with its challenges. It is no secret that receiving a business loan from a bank is tough. We live in a world with Know Your Customer (KYC) policies that have raised the lending standards of all financial institutions. If you are going to secure a bank loan you will need the following:

Not every business has the above requirements so it makes getting a bank loan practically impossible for some, especially new businesses.

Alternative Asset Based Lender

Alternative lenders are popping up all over the market. An alternative business asset based lending provider will look at your accounts receivables and apply a certain value to them. This value will often be between 70-80% of their full value. They will offer this amount to you in cash. Depending on the lender, they will look for different things when offering you a price for your invoices. They may consider the credit of the client or the number of days still left for the invoice to be paid. This is a good option for those that have a lot of invoices or accounts receivable and need funding quickly.

Merchant Cash Advance

There are many benefits to a merchant cash advance in comparison to a traditional bank loan that is tied to assets.

As a cash advance provider, we are all about helping you experience the success of your business. We are here to help you. So what are you waiting for? Fill out our simple form to get started today!

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Using Business Asset Based Lending to Grow Your Company
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Business asset based lending is a fast way to get working capital for your business. Learn our simple HACK and get approved for $500k in 24 hours!
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eBusiness Funding
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