Asset-Based Loans
Asset-based lending is the business of loaning money in an agreement that is secured by collateral. An asset-based loan or line of credit may be secured by inventory, accounts receivable, equipment, or other property owned by the borrower.
What Do You Need To Qualify?
3+ Months in Business
$5,000+ Monthly Sales
No Minimum FICO
Resources & Frequently Asked Questions
An asset based loan is a loan that is secured by owned collateral. Typically, they may be secured by real estate, accounts receive, equipment or other property that may be owned by the business owner. This secures the loan for the lender, in cases where the borrower defaults on the loan, the lender has the right to obtain the asset.
Yes, there are many options available for business owners to get a business loan without collateral.
Types of financing you may be able to get without having to provide collateral include:
- Term loans
- Lines of credit
- Merchant Cash Advance
- Equipment Financing
Business owners can get an asset based loan by researching lenders that off the product. Generally, an asset based loan is offered to small businesses that have assets available that can be used as collateral in order to receive financing. The asset may not be offered as collateral to another lender for any additional financing.